Section 72
Insurance by subsidiary proprietor
of Building Maintenance and Strata Management Act 2004
ActIn forceProvision 78 of 150
Section 72
(1)
Nothing in this Part limits or affects any right of a subsidiary proprietor to effect insurance.
(2)
Insurance effected by a subsidiary proprietor does not affect, and must not be taken into consideration in determining, the amount payable to a management corporation under a contract of insurance entered into between it and an insurer under this Part, despite anything in that contract of insurance.