59BExemption from insurance—build to rent schemes

#### 59B Exemption from insurance—build to rent schemes 59B Exemption from insurance—build to rent schemes > > (1) The holder of a contractor licence who does residential building work is exempt from the requirements of the Act, Part 6 if— > > > > > (a) the work is being done— > > > > > > > (i) in accordance with development consent granted under [State Environmental Planning Policy (Housing) 2021](/view/html/inforce/current/epi-2021-0714), Chapter 3, Part 4, or > > > > > > > (ii) to an existing dwelling built in accordance with development consent granted under [State Environmental Planning Policy (Housing) 2021](/view/html/inforce/current/epi-2021-0714), Chapter 3, Part 4 and the contract is entered into within 8 years of the issue of the occupation certificate for the dwelling, or > > > > > > > (iii) to a building that is being used as a build to rent property and the contract is entered into within 8 years of the making of an application for reduction in the assessable value of the land for the purpose of the [Land Tax Management Act 1956](/view/html/inforce/current/act-1956-026), section 9E, and > > > > > (b) the contract for the work states that the holder is relying on the exemption under this clause. > > > (2) In this clause— > > > > occupation certificate has the same meaning as it has in the [Environmental Planning and Assessment Act 1979](/view/html/inforce/current/act-1979-203). > > **cl 59B:** Ins 2023 (100), Sch 1\[2\].