New South Wales Repealed RegulationsThis legislation has been repealed.
(1) The object of this clause is to remove any doubt about the operation of the insurance requirements of section 102 of the Act in connection with the repair of certain residential flat buildings arising from damage caused by the Sydney hailstorm on 14 April 1999 (the "Sydney hailstorm").
(2) A person who contracts to do residential building work, principally for the purpose of the repair of damage caused by the Sydney hailstorm, on the common property of a single designated residential flat building is exempt from any provision of Part 6 of the Act or this Regulation that would require coverage in excess of $200,000 under the contract of insurance to be in force in relation to the proposed work (irrespective of the number of units within the residential flat building). Any such contract of insurance may be limited accordingly.
(3) Nothing in this clause prevents any such contract of insurance from providing cover in excess of $200,000.
(4) In this clause:
"designated residential flat building" means any building or portion of a building containing 2 or more strata or company title home units (including any associated structures and improvements) in the following local government areas:South Sydney, Marrickville, Botany, Waverley, Sydney, Woollahra, Randwick, Sutherland.