New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 211AI

211AI Regulations about decennial insurance

Regulations may be made about the following--

(a) requiring developers to give notice to the Secretary of an intention to obtain decennial insurance,

(b) requiring developers to give copies of certificates of currency for decennial insurance to the Secretary before specified events or actions,

(c) fees payable to the Secretary for assessing whether a DLI policy--

(i) meets, in the Secretary's opinion, the criteria prescribed by the regulations under section 211AA(2)(a), and

(ii) is in a form acceptable to the Secretary under section 211AA(2)(b),

(d) matters of a savings or transitional nature consequent on a change in regulations under this part or a decision of the Secretary under this part.

Example of changes--: a change in a prescribed percentage or a change in the type of decennial insurance form acceptable to the Secretary