BUSH FIRES ACT 1954 - SECT 53
BUSH FIRES ACT 1954 - SECT 53
53 . Reduction in insurance premium of crops in approved area
(1) Where a crop of
any kind situate wholly or partly within an approved area is insured against
loss or damage by fire, the rate of premium charged by the insurer in respect
of the insurance shall not exceed 75% of the rate of premium charged by the
insurer in respect of crops of that kind not situate within an approved area.
(2) A person who
charges a rate of premium in excess of that permitted by this section is
guilty of an offence.
Penalty: $10 000.
(3) For the purposes
of this section crop includes any crop whether growing, standing, harvested,
cut, picked, collected, stacked, stooked, or packed, and grain, hay, chaff or
other things produced from a crop, and bags and other containers and packing
materials to be used in connection therewith, whilst on the land on which the
crop is produced and whether in the open air or in a building on the land, or
whilst being transported from the land to a railway siding or other receiving
depot.
[Section 53 amended: No. 113 of 1965 s. 8(1); No.
65 of 1977 s. 40 and 48; No. 38 of 2002 s. 39.]