New South Wales Consolidated Regulations

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HOME BUILDING REGULATION 2004 - REG 57

Exclusion of amounts of deposit or progress payment

57 Exclusion of amounts of deposit or progress payment

Despite clause 56, an insurance contract may contain a provision that excludes the insurer from liability for the amount of any part of:

(a) a deposit or payment that exceeds the amount specified for such a deposit or payment in section 8 of the Act, or
(b) a progress payment that exceeds the amount specified for such a payment under any contract related to the work concerned.


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