South Australian Consolidated Acts South Australian Consolidated Acts31—Duty to insure against liability
(1) A
strata corporation must keep itself insured against liability in tort.
(2) The insurance
cover must be for at least $5 000 000 or such greater amount as the
regulations may prescribe.
(3) A
strata corporation must keep itself insured against any other liability—
(a)
determined by special resolution of the corporation; or
(b)
prescribed by the regulations.