Wednesday, September 30, 2020

Strata Schemes Management Act 2015 No 50

Part 9
Division 2
Section 167

Part does not limit owner’s insurance rights | Section 167

(1)  This Part does not limit any right of an owner of a lot in a strata scheme to take out insurance.

(2)  Insurance taken out by an owner of a lot in a strata scheme does not affect, and is not to be taken into consideration in determining, the amount payable to an owners corporation under a contract of insurance entered into between it and an insurer in accordance with this Part. This subsection has effect despite anything contained in the relevant contract of insurance.

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Disclaimer: Reproduced from the Strata Schemes Management Act 2015 . This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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