(1)  An owner of relevant premises must ensure that he or she obtains insurance as required under subsection (2) in respect of the protection work before performing protection work, or allowing protection work to be performed, in respect of the relevant premises.

Penalty:  In the case of –

(a) a natural person, a fine not exceeding 100 penalty units; or

(b) a body corporate, a fine not exceeding 500 penalty units.

(2)  Insurance obtained in respect of protection work –

(a) must be for an amount that is not less than the amount agreed by the owner of the relevant premises and the adjoining owners; and

(b) must cover damage by the proposed protection work to adjoining premises; and

(c) must cover any liability likely to be incurred, in respect of the protection work, to the adjoining owner and members of the public; and

(d) must not expire until at least 12 months after the completion of the protection work.

(3)  For the purposes of subsection (2)(a) , an adjoining owner is taken to agree to an amount of insurance if –

(a) the owner of the relevant premises notifies the adjoining owner in writing of the amount of insurance proposed to be obtained in respect of the protection work; and

(b) the adjoining owner fails to respond to the owner of the relevant premises, in respect of the written notification referred to in paragraph (a) , within the prescribed period.

(4)  An owner of relevant premises is to provide each adjoining owner with a copy of the insurance policy with each adjoining owner.