NTIn ForceRegulation
BUILDING (RBI AND FIDELITY FUND SCHEMES) REGULATIONS 2012
44Trustees may recover from builder
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44 Trustees may recover from builder The scheme's trust deed may include a provision to the effect that if the trustees make a payment to a beneficiary, the trustees may recover the amount of the payment as a debt from the builder who carried out the guaranteed work or, under a contract, agreed to carry out the work. Division 5 Fidelity certificate and losses covered