NSWIn ForceRegulation
Home Building Regulation 2014
41Exclusion of amounts of deposit or progress payment
Start here
Get a plain-English read of 41
Turn the raw legal text into a practical explanation grounded in Home Building Regulation 2014.
#### 41 Exclusion of amounts of deposit or progress payment
41 Exclusion of amounts of deposit or progress payment
> Despite clauses 40 and 40A, an insurance contract may contain a provision that excludes the insurer from liability for the amount of any part of—
>
> > (a) a deposit that exceeds the amount permitted for such a deposit by section 8 of the Act, or
>
> > (b) on and from 1 March 2015—a progress payment that exceeds the amount permitted for such a payment by section 8A of the Act, or
>
> > (c) if a deposit has not been paid, the amount of the deposit.
>
> **cl 41:** Am 2017 (705), Sch 1 \[10\].