38Public liability insurance by body corporate

38 Public liability insurance by body corporate (1) A body corporate of a community title scheme must take out and maintain public liability insurance for all of the following events happening in relation to the common property of the scheme because of an accident: (a) death, bodily injury or illness of anyone; (b) loss of, or damage to, the property of anyone. (2) Public liability insurance under subsection (1) must be for a total amount of liability not less than the amount prescribed by regulation.

Section 39 page 28 Community Title Act 2001