New South Wales Consolidated Acts
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HOME BUILDING ACT 1989 - SECT 105U
Investment of funds of licence holder
(1) A licence holder, if required to do so by the Authority, must provide the
Authority with details of the way in which its funds relating to insurance
under Part 6 or cover under Part 6B and other funds are invested.
(2) It is a
condition of the licence of a licence holder that the holder comply with
subsection (1).
(3) The funds of a licensed insurer relating to insurance
under Part 6 are the funds of the insurer derived from the payment of
insurance premiums for insurance under that Part and from their investment.
(4) The funds of a licensed provider relating to cover under Part 6B are the
funds of the provider derived from the payment of premiums or charges for the
cover and from their investment.
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