After section 268 of the Building Act 1993 insert —
(1) Subject to subsection (2), section 137B(7) as amended by the Building Amendment Act 2008 applies in relation to a building whether the building was constructed before or after the commencement of section 3 of that Act.
(2) Section 137B(7) as in force immediately before the commencement of section 3 of the Building Amendment Act 2008 continues to apply in relation to a building if the required insurance under section 137B(2) was obtained in respect of that building before that commencement.".