Victorian Numbered Regulations Victorian Numbered Regulations(1) A person who constructs a multi-storey residential building is exempt from compliance with section 137B(2)(b) of the Act in respect of any contract to sell the building.
(2) A person who constructs a multi-storey residential building is exempt from any requirement under Part 9 of the Act to be covered by the required insurance in respect of any contract to sell the building.
(3) This regulation applies to contracts of sale entered into on or after 10 April 2002.