Western Australian Consolidated Acts (1) An owner-builder
must not, within 7 years of the date of issue of the relevant building
licence to the owner-builder, enter into a sale contract unless —
(a)
either —
(i)
a policy of insurance that complies with this Division is
in force in relation to the residential building work; or
(ii)
corresponding cover is provided by an approved fund in
relation to the residential building work;
and
(b) the
purchaser has been given a certificate, in a form approved by the Minister,
that evidences the taking out of the policy referred to in
paragraph (a)(i) or the provision of the cover referred to in
paragraph (a)(ii).
Penalty: $10 000.
(2)
Subsection (1) does not apply to an owner-builder if the owner-builder
enters into a sale contract during a period specified in an order made under
section 25I for the purposes of this subsection.
[Section 25F inserted by No. 37 of 2002
s. 14.]