149Closure of Building Insurers’ Guarantee Fund to further claims

#### 149 Closure of Building Insurers’ Guarantee Fund to further claims 149 Closure of Building Insurers’ Guarantee Fund to further claims > > (1) A new claim may not be made by a beneficiary under Division 2 of Part 6A of the Act in relation to a matter covered by a former approved insurer as such an insurer. > > > (2) A claim is a new claim for the purposes of this clause if— > > > > > (a) the claim is made on or after the commencement of section 103OA (as inserted by the amending Act), or > > > > > (b) the claim is a continuation, or a revival, of a claim made before that commencement that had been previously finalised or withdrawn, or had not been prosecuted by the claimant for a period of not less than 12 months. > > > (3) This clause does not affect any claim that is not a new claim. > > > (4) In this clause, former approved insurer has the same meaning as in Part 6A before its amendment by the [Better Regulation Legislation Amendment (Miscellaneous) Act 2024](/view/pdf/asmade/act-2024-53).