New South Wales Consolidated Regulations

HOME BUILDING REGULATION 2014 - REG 41

41 Exclusion of amounts of deposit or progress payment

Despite clauses 40 and 40A, an insurance contract may contain a provision that excludes the insurer from liability for the amount of any part of--

(a) a deposit that exceeds the amount permitted for such a deposit by section 8 of the Act, or

(b) on and from 1 March 2015--a progress payment that exceeds the amount permitted for such a payment by section 8A of the Act, or

(c) if a deposit has not been paid, the amount of the deposit.