New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 173

173 Effect of exemption from building insurance requirements

(1) A person exempted by the Tribunal from the requirement to insure a building is not under a duty to comply with the requirement or any corresponding requirement of a positive covenant.

(2) However, if the exemption was granted subject to a condition, the person is under the duty, if in breach of that condition.