New South Wales Consolidated Acts

HOME BUILDING ACT 1989 - SECT 101

101 Requirements for insurance by owner-builders and others

(1) A contract of insurance in relation to owner-builder work or residential building work required by section 95 or 96 must insure a purchaser of the land on which the work is done and the purchaser’s successors in title against the risk of being unable, because of the insolvency, death or disappearance of the owner-builder or contractor concerned:

(a) to recover compensation from the owner-builder or contractor for a breach of a statutory warranty in respect of the work, or

(b) to have the owner-builder or contractor rectify any such breach.

(2) In this section:
"contractor" means a person doing residential building work otherwise than under a contract to whom section 96 applies.