Western Australian Current Acts

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53B .         Insurance for lots in single tier strata schemes

        (1)         For the purposes of this Act —

            (a)         whether there is insurance in respect of —

                  (i)         any building on a lot in a scheme; or

                  (ii)         damage to property, death or bodily injury for which the proprietor of a lot in a scheme could become liable in damages;


            (b)         the occurrences to be insured against by the proprietor in relation to those matters; and

            (c)         the terms on which any insurance is obtained,

                are, subject to this section, at the discretion of the proprietor of the lot.

        (2)         A strata company for a scheme may determine that it is a function of the company to insure in respect of the matters referred to in subsection (1), and may at any time revoke the determination.

        (3)         While such a determination is in force the strata company shall comply with section 53D.

        [Section 53B inserted: No. 61 of 1996 s. 25.]

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