NSWIn ForceRegulation
Strata Schemes Management Regulation 2016
55ADecennial insurance criteria
Start here
Get a plain-English read of 55A
Turn the raw legal text into a practical explanation grounded in Strata Schemes Management Regulation 2016.
#### 55A Decennial insurance criteria
55A Decennial insurance criteria
> > (1) For the Act, section 211AA(2)(a), decennial insurance for a building must—
> >
> > > (a) not permit cancellation, whether by the developer or another party to the policy,
> >
> > > (b) be issued before an application is made for an occupation certificate under the [Environmental Planning and Assessment Act 1979](/view/html/inforce/current/act-1979-203) for any part of the building.
>
> > (2) To avoid doubt, insurance complies with subclause (1)(b) if the insurance is issued before the application for the occupation certificate subject to a condition that the insurance does not take effect until the occupation certificate is issued.
>
> **s 55A:** Ins 2023 No 44, Sch 3.2\[2\].