Body Corporate and Community Management (Specified Two-lot Schemes Module) Regulation 2011
sec.57Use affecting premium
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sec.57 Use affecting premium
This section applies if, because of the way 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 owner of the other lot included in the scheme and the body corporate details of the use. (sec.57-ssec.1) This section applies if, because of the way 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.57-ssec.2) The owner of the lot must give the owner of the other lot included in the scheme and the body corporate details of the use.