New South Wales Consolidated Acts
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COMMUNITY LAND MANAGEMENT ACT 1989 - SECT 42
Building on association property
(1) Money paid by an insurer to an association in respect of the destruction
of, or damage to, a building on association property must, without delay, be
applied by the association in rebuilding, replacing, repairing or restoring
the building.
(2) Subsection (1) has effect subject to any order in force
under Part 7 of the Community Land Development Act 1989 (which relates to
variation or termination of a scheme).
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