New South Wales Consolidated Acts

ASSOCIATIONS INCORPORATION ACT 1984 - SECT 44

44 Requirement to insure

(1) An incorporated association shall effect and maintain with an approved insurer such insurance against a liability of the association as may be required by the regulations, for a cover of not less than the amount required by the regulations.

Maximum penalty: 5 penalty units.

(2) Without affecting the generality of subsection (1), regulations made for the purpose of that subsection may require an incorporated association to effect and maintain insurance against a liability of the association arising out of an occurrence causing death or bodily injury to a person or damage to property.