Clause 72
Insurance by subsidiary proprietor
of Building Maintenance and Strata Management Bill 2004
BillNot in forceProvision 60 of 145
Clause 72
(1)
Nothing in this Part shall limit or affect any right of a subsidiary proprietor to effect insurance.
(2)
Insurance effected by a subsidiary proprietor shall not affect, and shall 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, notwithstanding anything in that contract of insurance.