Australian Capital Territory Numbered Acts

UNIT TITLES (MANAGEMENT) ACT 2011 (NO. 41 OF 2011) - SECT 102

(UTA s 131)

    (1)     An owners corporation for a units plan must take out and maintain public liability insurance in relation to all of the following events happening in relation to the common property:

        (a)     death, bodily injury or illness of anyone;

        (b)     loss of, or damage to, the property of anyone.

    (2)     Public liability insurance under subsection (1) must be for a total amount of liability of not less than an amount prescribed by regulation.

Note 1     The owners corporation must produce its insurance policies for inspection at the request of an eligible person (see s 118).

Note 2     The executive committee of the owners corporation must give certain details about the corporation's current insurance policies at each annual general meeting (see sch 2, s 2.3).