New South Wales Consolidated Regulations

HOME BUILDING REGULATION 2014 - REG 62D

62D Provisions of the Act that apply to alternative indemnity products in same way as to contracts of insurance

(1) For the purposes of section 104B (4) of the Act, sections 92A, 101 (2) (c) and (d), 101A (5), 102 (2) and (6), 102A (1A) (a), 103C (2) (i) and 103EA (1) of the Act apply to a fidelity fund scheme, subject to the following modifications--

(a) a reference to an insurer or a licensed insurer is to be read as a reference to a provider,

(b) a reference to a certificate issued to evidence arrangements is to be read as a reference to the prescribed form of evidence of fidelity fund cover referred to in section 104B (2) of the Act.

(2) For the purposes of section 104C (2) (a) of the Act, Part 3A, and sections 92C and 97 (2), of the Act apply to a fidelity fund scheme, subject to any necessary modifications.