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HOME BUILDING ACT 1989 - SECT 101
Requirements for insurance by owner-builders and others
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.
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