Western Australian Current Regulations Western Australian Current Regulations (1) Until the full
amount of any advance made by the Minister to the lessee to purchase
structural improvements and interest thereon has been paid, a lessee shall
insure and keep insured, all improvements being purchased, to their full
insurable value, in the joint names of the Minister and the lessee in some
public insurance office approved by the Minister, or with such insurer as the
Minister directs, against loss or damage by fire.
(2) The lessee shall
deposit with the Minister the policy of insurance and the receipt or receipts
for the annual or other premium payable thereon.
(3) In the event of
loss or damage by fire the lessee shall make good the loss or damage to the
satisfaction of the Minister as soon as practicable.
(4) Where a lessee
fails to effect and continue the insurance the Minister may, but shall not be
obliged so to do, insure the improvements or improvement and pay any premiums
therefor, and any premiums so paid and all incidental expenses shall be repaid
by a lessee to the Minister on demand.