New South Wales Consolidated Regulations

HOME BUILDING REGULATION 2014 - REG 62N

62N Exclusion of amounts of deposit or progress payment

Despite clauses 62K and 62L, an alternative indemnity contract may contain a provision that excludes the provider 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) 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.