55ADecennial insurance criteria

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 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].