84Definitions—pt 6

84 Definitions—pt 6 actuary, for an approved scheme, does not include a special actuary. approval criteria means the requirements determined under section 99 (Approval criteria for schemes). approved scheme means a fidelity fund scheme approved under section 98. builder, in relation to residential building work or a residential building, means the entity stated to be the builder in the commencement notice for the building work or building. building does not include paving or a structure that is a fence, retaining wall, outdoor swimming pool, outdoor ornamental pond, mast, antenna, aerial, advertising device, notice or sign. building work does not include work in relation to the demolition of a whole building. complying residential building work insurance means an insurance policy issued in relation to insurable residential building work that complies with section 90. consumer representative—see section 127AA (1). cost, of building work, means the cost of the work as worked out under section 86. fidelity certificate, for building work, means a certificate issued for the building work by the trustees of an approved scheme.

fidelity fund scheme means a scheme for a building industry fidelity fund established under a trust deed. insurable residential building means a residential building— (a) the residential parts of which (other than a part of the building that is a structurally integral adjunct to the building) are classified as a class 1 or class 2 residential building; and (b) that has no more than 3 storeys at any point, excluding any storey used exclusively for parking. 1 A building has 2 wings, which are structurally independent of each other. The north wing has 3 storeys including the ground storey. The south wing has 6 storeys including the ground storey. All storeys contain residential units. The north wing is an insurable residential building. The south wing is not an insurable residential building because it is 6 storeys. 2 A building has 2 wings that are dependent on each other for structural support. The north wing has 3 storeys including the ground storey. All storeys contain residential units. The lower 3 storeys of the south wing are structurally integrated with the north wing. A structural instability in any of the lower 3 storeys in the south wing could compromise the structural integrity of both wings of the building. The south wing storeys that are higher than the north wing are structurally independent of the north wing. The north wing of the building is an insurable residential building. The lower 3 storeys of the south wing are an insurable residential building to the extent that they are a structurally integral adjunct to the building as a whole. The upper 3 storeys of the south wing are not an insurable residential building because they are over 3 storeys and not a structurally integral adjunct to the building. insurable residential building work means residential building work in relation to an insurable residential building. prudential standards means the standards determined under section 103. residential building means— (a) a building intended mainly for private residential use; or