sec.68CWhen insurance premium is payable by construction manager

### sec.68C When insurance premium is payable by construction manager This section applies to a construction manager if a principal engages the manager under a construction management contract to manage the carrying out of residential construction work. If the construction manager holds a contractor’s licence of the relevant class for the construction management contract, the manager must collect from the principal, and pay to the commission, the appropriate insurance premium before the first of the following to happen— 10 business days elapse from the day the manager is engaged under the contract; the residential construction work starts. Maximum penalty—100 penalty units. s 68C ins 2007 No. 47 s 45 sub 2014 No. 57 s 36 (sec.68C-ssec.1) This section applies to a construction manager if a principal engages the manager under a construction management contract to manage the carrying out of residential construction work. (sec.68C-ssec.2) If the construction manager holds a contractor’s licence of the relevant class for the construction management contract, the manager must collect from the principal, and pay to the commission, the appropriate insurance premium before the first of the following to happen— 10 business days elapse from the day the manager is engaged under the contract; the residential construction work starts. Maximum penalty—100 penalty units. - (a) 10 business days elapse from the day the manager is engaged under the contract; - (b) the residential construction work starts.