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BODY CORPORATE AND COMMUNITY MANAGEMENT (SMALL SCHEMES MODULE) REGULATION 2020 - REG 128
Use of insurance money paid under voluntary insurance scheme [SM, s 209]
128 Use of insurance money paid under voluntary insurance scheme [SM, s 209]
If the body corporate receives an amount of insurance money for damage to
property under a voluntary insurance scheme, the amount must be paid, subject
to the prior claim of a registered mortgagee, to the owner of the damaged
property to which the payment relates.
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