Queensland Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION ACT 1991 - SECT 68D
Setting of insurance premiums
68D Setting of insurance premiums
(1) This section provides for setting the different insurance premiums payable
under the statutory insurance scheme. Note— Insurance premiums differ
depending on the type of cover or type of work to which the premium relates.
(2) The commission must state the insurance premiums, or the way the premiums
are calculated, in the gazette.
(3) Before stating the different insurance
premiums, or the way the premiums are calculated, the commission must— (a)
have regard to the commission’s obligation under section 26A ; and
(b)
ensure insurance premiums are sufficient to meet the costs mentioned in
section 26 (3) ; and
(c) have regard to any regulation made under section 26
(4) ; and
(d) obtain the Minister’s approval for the premium.
(4) The
commission must review the different insurance premiums at least once every 12
months.
(5) A regulation may prescribe the way the insurable value of
residential construction work is calculated for stating an insurance premium.
(6) Subsection (7) applies if a principal engages a construction manager under
a construction management contract to provide building work services for the
carrying out of residential construction work.
(7) For calculating the
insurance premium payable by the construction manager, the amount paid by the
principal to the construction manager under the contract must be added to the
insurable value of the residential construction work.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback