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Community Land Management Act 2021
150Valuations to be obtained for the purposes of insurance
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150 Valuations to be obtained for the purposes of insurance
150 Valuations to be obtained for the purposes of insurance
(1) A valuation of a building or structure that is required to be insured under this Division must be obtained at least once every 5 years by the association.
(2) The valuation must be carried out by a person who has the qualifications prescribed by the regulations.