New South Wales Consolidated Regulations

HOME BUILDING REGULATION 2004 - REG 61

61 Period of cover

(1) For the purposes of determining the period of cover to be provided by an insurance contract in relation to residential building work, work is taken to be complete:

(a) on the date that the work is completed within the meaning of the contract under which the work was done, or

(b) if the contract does not provide for when work is completed or there is no contract, on the date of the final inspection of the work by the applicable principal certifying authority, or

(c) in any other case, on the latest date that the contractor attends the site to complete the work or hand over possession to the owner or if the contractor does not do so, on the latest date the contractor attends the site to carry out work.

(3) For the purposes of determining the period of cover to be provided by an insurance contract in relation to owner-builder work under an owner-builder permit, the work is taken to be complete:

(a) on the date of the final inspection of the work by the applicable principal certifying authority, or

(b) if there is no final inspection by the principal certifying authority, on the date that is 6 months after the issue of the permit for the owner-builder work.