New South Wales Consolidated Acts

STRATA SCHEMES MANAGEMENT ACT 2015 - SECT 211AE

211AE Directions to developers to provide information about decennial insurance

(1) The Secretary may, by written order, direct a developer who has obtained a DLI policy to give the Secretary or another specified person information about the insurance, as specified in the direction.

(2) To avoid doubt, a direction under this section may--

(a) apply generally or specifically, and

(b) require information to be given on the occurrence of a specified event or at regular specified times, and

(c) specify the way and time within which the information must be given.

(3) A person must comply with a direction under this section.

: Maximum penalty--

(a) 500 penalty units, and

(b) for a continuing offence--200 penalty units for each day the offence continues.