Document ID: chunk:federal_register_of_legislation:F2024C00190:reg:5b:p3
Version: federal_register_of_legislation:F2024C00190
Segment Type: reg
Provision Reference: reg 5B (pt 3/4)
Character Range: 15473–18076

of repairing and replacing; or
 (d) a fence or gate wholly or partly on the site;
but does not include:
 (e) a building that is in the course of construction; or
 (f) a temporary building or structure; or
 (g) a demountable or moveable structure.
contents of a building, in relation to a contract of insurance, means items of property that:
 (a) are located in the building, or elsewhere on a site that is specified in the contract and on which the building is located; and
 (b) are owned by the insured.
 (7) Nothing in paragraphs (b), (c) and (d) of the definition of building in subregulation (6) is intended to limit the generality of anything in paragraph (a) of that definition.

Definitions for the purposes of paragraph 8B(3)(d) of the Act
 (8) For the purposes of paragraph 8B(3)(d) of the Act:
building, in relation to a contract of insurance, means:
 (a) any of the following that is located on a site specified in the contract:
 (i) a building or part of a building, whether occupied by the insured or another person;
 (ii) an out‑building, fixture or structural improvement used for purposes that are related to the use of a building located on the site; or
 (iii) a caravan or moveable home that is fixed to the site; or
 (b) fixed wall coverings, fixed ceiling coverings and fixed floor coverings (other than carpets) in anything covered by subparagraph (a)(i), (ii) or (iii); or
 (c) a service (whether underground or not):
 (i) that is in, or connected to, anything covered by subparagraph (a)(i), (ii) or (iii); and
 (ii) that is the property of the insured, or that the insured is liable to repair or replace or to pay the cost of repairing and replacing; or
 (d) a fence or gate wholly or partly on the site;
but does not include:
 (e) a building that is in the course of construction; or
 (f) a temporary building or structure; or
 (g) a demountable or moveable structure (except one covered by subparagraph (a)(iii) of this definition).
contents of a building, in relation to a contract of insurance, means items of property that:
 (a) are located in the building, or elsewhere on a site that is specified in the contract and on which the building is located; and
 (b) are owned by the insured.
 (9) Nothing in paragraphs (b), (c) and (d) of the definition of building in subregulation (8) is intended to limit the generality of anything in paragraph (a) of that definition.

Non‑residential policies: maximum sum insured
 (10) For the purposes of paragraph 8B(3)(d) of the Act, the prescribed amount is $5 million.

Definition for the purposes of subsection 8B(5) of the Act
 (11)