New South Wales Consolidated Regulations

HOME BUILDING REGULATION 2014 - REG 59B

59B Exemption from insurance--build to rent schemes

(1) The holder of a contractor licence who does residential building work is exempt from the requirements of the Act, Part 6 if--

(a) the work is being done--

(i) in accordance with development consent granted under State Environmental Planning Policy (Housing) 2021 , Chapter 3, Part 4, or

(ii) to an existing dwelling built in accordance with development consent granted under State Environmental Planning Policy (Housing) 2021 , Chapter 3, Part 4 and the contract is entered into within 8 years of the issue of the occupation certificate for the dwelling, or

(iii) to a building that is being used as a build to rent property and the contract is entered into within 8 years of the making of an application for reduction in the assessable value of the land for the purpose of the Land Tax Management Act 1956 , section 9E, and

(b) the contract for the work states that the holder is relying on the exemption under this clause.

(2) In this clause--

"occupation certificate" has the same meaning as it has in the Environmental Planning and Assessment Act 1979 .