ACTIn ForceAct
Unit Titles (Management) Act 2011
102Public liability insurance by owners corporation
Start here
Get a plain-English read of 102
Turn the raw legal text into a practical explanation grounded in Unit Titles (Management) Act 2011.
102 Public liability insurance by owners corporation
(1) An owners corporation for a units plan must take out and maintain
public liability insurance in relation to all of the following events
happening in relation to the common property:
(a) death, bodily injury or illness of anyone;
(b) loss of, or damage to, the property of anyone.
(2) Public liability insurance under subsection (1) must be for a total
amount of liability of not less than an amount prescribed by
Note 1 The owners corporation must produce its insurance policies for
inspection at the request of an eligible person (see s 118).
Note 2 The executive committee of the owners corporation must give certain
details about the corporation’s current insurance policies at each annual
general meeting (see sch 2, s 2.3).
(3) However, the owners corporation need not comply with a
requirement of this section if—
(a) the units plan is part of a building the subject of a building
management statement; and
(b) the requirement is satisfied by insurance taken out and
maintained under the building management statement.