Body Corporate and Community Management (Commercial Module) Regulation 2020
sec.154Use affecting premium [ SM, s 207 ]
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sec.154 Use affecting premium [ SM, s 207 ]
This section applies if, because of the way that a lot is used, the premium for reinstatement insurance or the premium for public risk insurance required to be taken out by the body corporate is likely to increase. The owner of the lot must give the body corporate details of the use. (sec.154-ssec.1) This section applies if, because of the way that a lot is used, the premium for reinstatement insurance or the premium for public risk insurance required to be taken out by the body corporate is likely to increase. (sec.154-ssec.2) The owner of the lot must give the body corporate details of the use.