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HOME BUILDING ACT 1989 - SECT 103ED
Insurance Guidelines--general provisions
(1) The Authority may issue Insurance Guidelines with respect to any matter
that is authorised or required by or under this Act to be provided for by
Insurance Guidelines.
(2) The Authority may amend, revoke or replace
Insurance Guidelines.
(3) The Authority is-- (a) to consult with the licensed
insurers or providers before it issues, amends, revokes or replaces Insurance
Guidelines relating to premiums or market practices, and
(b) to provide
reasonable notice of any amendment to, or replacement of, Guidelines before it
takes effect.
(4) Insurance Guidelines may adopt the provisions of other
publications, whether with or without modification or addition and whether in
force at a particular time or from time to time.
(5) Insurance Guidelines
must not be inconsistent with this Act or the regulations.
(6) Insurance
Guidelines are to be published on the NSW legislation website and take effect
on the day of that publication or, if a later day is specified in the
Guidelines for that purpose, on the day so specified.
(7) It is a condition
of a licence under Part 6C that the licence holder comply with relevant
provisions of the Insurance Guidelines. Note--: The Self Insurance Corporation
is required, by section 8A of the NSW Self Insurance Corporation Act 2004 ,
to comply with the Insurance Guidelines.
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