New South Wales Consolidated Acts

HOME BUILDING ACT 1989 - SECT 103ED

103ED Insurance Guidelines--general provisions

(1) The Authority may issue Insurance Guidelines with respect to any matter that is authorised or required by or under this Act to be provided for by Insurance Guidelines.

(2) The Authority may amend, revoke or replace Insurance Guidelines.

(3) The Authority is--

(a) to consult with the licensed insurers or providers before it issues, amends, revokes or replaces Insurance Guidelines relating to premiums or market practices, and

(b) to provide reasonable notice of any amendment to, or replacement of, Guidelines before it takes effect.

(4) Insurance Guidelines may adopt the provisions of other publications, whether with or without modification or addition and whether in force at a particular time or from time to time.

(5) Insurance Guidelines must not be inconsistent with this Act or the regulations.

(6) Insurance Guidelines are to be published on the NSW legislation website and take effect on the day of that publication or, if a later day is specified in the Guidelines for that purpose, on the day so specified.

(7) It is a condition of a licence under Part 6C that the licence holder comply with relevant provisions of the Insurance Guidelines.

Note : The Self Insurance Corporation is required, by section 8A of the NSW Self Insurance Corporation Act 2004 , to comply with the Insurance Guidelines.