s. 93 2500 penalty units, in the case of a body corporate. (2) The contract of insurance must be entered into with an insurer and for an amount— (a) agreed to by the owner and the adjoining owner; or (b) in the event of a dispute, determined by the Building Appeals Board under Part 10. (3) The owner must lodge a copy of the contract of S. 93(3) amended by insurance with the adjoining owner before the Nos 68/2001 commencement of the protection work. s. 7(2)(3), 33/2010 s. 21(2). 50 penalty units, in the case of a natural person. 120 penalty units, in the case of a body corporate. (4) The owner must ensure that the contract of S. 93(4) substituted by insurance is renewed or extended as often as may No. 68/2001 be necessary during the carrying out of the s. 7(4), amended by building work and for 12 months after that work is No. 33/2010 completed. s. 21(1). 500 penalty units, in the case of a natural person. 2500 penalty units, in the case of a body corporate. (5) The owner must lodge a copy of a document S. 93(5) inserted by evidencing the renewal or extension of the No. 68/2001 contract of insurance with the adjoining owner as s. 7(4), amended by soon as it is practicable to do so after the renewal No. 33/2010 or extension. s. 21(2). 50 penalty units, in the case of a natural person.
2500 penalty units, in the case of a body corporate. (2) The contract of insurance must be entered into with an insurer and for an amount— (a) agreed to by the owner and the adjoining owner; or (b) in the event of a dispute, determined by the Building Appeals Board under Part 10. S. 93(3) amended by Nos 68/2001 s. 7(2)(3), 33/2010 s. 21(2). (3) The owner must lodge a copy of the contract of insurance with the adjoining owner before the commencement of the protection work. 50 penalty units, in the case of a natural person. 120 penalty units, in the case of a body corporate. S. 93(4) substituted by No. 68/2001 s. 7(4), amended by No. 33/2010 s. 21(1). (4) The owner must ensure that the contract of insurance is renewed or extended as often as may be necessary during the carrying out of the building work and for 12 months after that work is completed. s. 93 500 penalty units, in the case of a natural person. 2500 penalty units, in the case of a body corporate. S. 93(5) inserted by No. 68/2001 s. 7(4), amended by No. 33/2010 s. 21(2). (5) The owner must lodge a copy of a document evidencing the renewal or extension of the contract of insurance with the adjoining owner as soon as it is practicable to do so after the renewal or extension. 50 penalty units, in the case of a natural person.
93-126a092.docx