sec.55COriginal lessee to pay for damage policy insurance in first year

### sec.55C Original lessee to pay for damage policy insurance in first year In respect of a leasehold building units plan, the premiums payable in respect of insurances effected by a body corporate under section 55 , 55A or 55B and covering the period of 1 year commencing on the date of registration of the leasehold building units plan shall be paid by the original lessee. (new) A body corporate that pays any premium payable by the original lessee under subsection (1) may recover the amount of the premium from the original lessee in any court of competent jurisdiction as a debt due and owing to it. (new) Nothing in this section shall prevent an agreement for the acceptance of a transfer of the lease of a lot by an original lessee providing for the payment by the transferee of an amount determined in respect of an amount paid by the original lessee under subsection (1) in accordance with the terms of the agreement. (new) (sec.55C-ssec.1) In respect of a leasehold building units plan, the premiums payable in respect of insurances effected by a body corporate under section 55 , 55A or 55B and covering the period of 1 year commencing on the date of registration of the leasehold building units plan shall be paid by the original lessee. (new) (sec.55C-ssec.2) A body corporate that pays any premium payable by the original lessee under subsection (1) may recover the amount of the premium from the original lessee in any court of competent jurisdiction as a debt due and owing to it. (new) (sec.55C-ssec.3) Nothing in this section shall prevent an agreement for the acceptance of a transfer of the lease of a lot by an original lessee providing for the payment by the transferee of an amount determined in respect of an amount paid by the original lessee under subsection (1) in accordance with the terms of the agreement. (new)