sch.6-sec.46Common property limit

### sch.6-sec.46 Common property limit The maximum amount the commission may pay for the common property for a community titles scheme for the total of all claims mentioned in sections 7 , 9 , 10 , 15 and 20 in relation to residential construction work is— if optional additional cover is in force for the residential construction work—$300,000; or if paragraph (a) does not apply—$200,000. The amount mentioned in subsection (1) applies regardless of whether the residential construction work is substantially complete or not substantially complete. (sch.6-sec.46-ssec.1) The maximum amount the commission may pay for the common property for a community titles scheme for the total of all claims mentioned in sections 7 , 9 , 10 , 15 and 20 in relation to residential construction work is— if optional additional cover is in force for the residential construction work—$300,000; or if paragraph (a) does not apply—$200,000. (sch.6-sec.46-ssec.2) The amount mentioned in subsection (1) applies regardless of whether the residential construction work is substantially complete or not substantially complete. - (a) if optional additional cover is in force for the residential construction work—$300,000; or - (b) if paragraph (a) does not apply—$200,000.