211AEDirections to developers to provide information about decennial insurance

211AE Directions to developers to provide information about decennial insurance

211AE Directions to developers to provide information about decennial insurance

(1) The Secretary may, by written order, direct a developer who has obtained a DLI policy to give the Secretary or another specified person information about the insurance, as specified in the direction.

(2) To avoid doubt, a direction under this section may—

(a) apply generally or specifically, and

(b) require information to be given on the occurrence of a specified event or at regular specified times, and

(c) specify the way and time within which the information must be given.

(3) A person must comply with a direction under this section.

Maximum penalty—

(a) 500 penalty units, and

(b) for a continuing offence—200 penalty units for each day the offence continues.

s 211AE: Ins 2023 No 44, Sch 3.1[4].