COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 84 Order by Tribunal to vary amount of insurance

COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 84

84 Order by Tribunal to vary amount of insurance

(1) If the Tribunal considers that the amount for which an association has effected insurance is unreasonable, the Tribunal may order the association to vary the amount to a specified amount.

(2) Application for an order under this section may be made by--

(a) a member of the association, or

(b) an enrolled mortgagee of, or a person who has an interest in, a development lot, neighbourhood lot or strata lot within the scheme under which the association was constituted.