Home Building Contracts Amendment Regulations 2022 (WA)

4956 GOVERNMENT GAZETTE, WA 21 October 2022

INDUSTRY REGULATION

IS301

Home Building Contracts Act 1991

Home Building Contracts Amendment

Regulations 2022

SL 2022/172

(a)	regulations 1 and 2 — on the day on which these regulations are published in the Gazette;
(b)	the rest of the regulations — 1 December 2022.

Made by the Governor in Executive Council.

1.            Citation

These regulations are the Home Building Contracts Amendment

Regulations 2022.

2.             Commencement

These regulations come into operation as follows —

21 October 2022 GOVERNMENT GAZETTE, WA 4957

3. Regulations amended

These regulations amend the Home Building Contracts

Regulations 1992.

4.           Regulations 7A to 7C inserted

After regulation 7 insert:

7A.	Prescribed amount of insurance for loss of deposit: builder (section 25D(1)(a)(i))
For the purposes of section 25D(1)(a)(i) of the Act, the prescribed limit is $40 000.
7B.	Prescribed minimum amount of insurance cover: builder (section 25D(1)(e)(i))
For the purposes of section 25D(1)(e)(i) of the Act, an amount of $200 000 is prescribed.
7C.	Prescribed minimum amount of insurance cover: owner-builder (section 25G(1)(c)(i))
For the purposes of section 25G(1)(c)(i) of the Act, an amount of $200 000 is prescribed.

5. Schedule 1 amended

(1)	In Schedule 1 under the heading "This notice" delete "A copy of the Act can be obtained from the State Law Publisher (check the White Pages for the current address)." and insert:
A copy of the Act can be accessed electronically at <

(2)	In Schedule 1 under the heading "Home indemnity insurance" delete "$20 000);" and insert:
$40 000);

B. D'SA, Clerk of the Executive Council.