New South Wales Consolidated Acts

COMMUNITY LAND MANAGEMENT ACT 2021 - SECT 152

152 Other mandatory insurance requirements for association

(1) An association must take out the following insurance with an approved insurer, in addition to any other requirements of this Part--

(a) insurance in respect of any occurrence against which it is required by law to insure, including any insurance required by the Workers Compensation Act 1987 and the Workplace Injury Management and Workers Compensation Act 1998 to be taken out,

(b) insurance in respect of damage to property, death or bodily injury (including damage, death and bodily injury occurring on an open access way or a private access way) for which the association could become liable in damages,

(c) insurance against the possibility of members of the association becoming jointly liable because of a claim arising in respect of any other occurrence against which the association, in accordance with a special resolution, decides to insure,

(d) insurance against damages for which the association could become liable because, without fee or reward or any expectation of fee or reward, a person acting on behalf of the association does work in a building or on the association property,

(e) insurance against accidental injury to, or accidental death of, a person who, without fee or reward or expectation of fee or reward, on behalf of the association does work in a building or structure or on the association property,

(f) insurance of other classes prescribed by the regulations for the purposes of this subsection.

: Maximum penalty--5 penalty units.

(2) Insurance taken out in accordance with subsection (1) must be for an amount calculated or determined in the manner prescribed by the regulations.