Document ID: chunk:federal_register_of_legislation:F2021C00206:reg:36
Version: federal_register_of_legislation:F2021C00206
Segment Type: reg
Provision Reference: reg 36
Character Range: 63536–64676

36  Classes of contracts of insurance in relation to which section 46 of the Act does not apply
  For the purposes of section 46 of the Act, each of the following classes of contracts is declared to be a class of contracts in relation to which that section does not apply:
 (a) contracts of insurance commonly known as construction risks insurance contracts;
 (b) contracts of insurance commonly known as industrial special risks insurance contracts or commercial risks insurance contracts;
 (c) contracts of insurance under which the insurer agrees to indemnify the insured, in relation to a business undertaking, against loss resulting from a breakdown of, or malfunction in, machinery (including electronic equipment) or plant of the insured, being:
 (i) loss in respect of the repair or replacement of that machinery or plant; or
 (ii) any further loss resulting from that breakdown or malfunction;
  or both, but not against any other loss;
 (d) contracts of insurance commonly known as products liability insurance contracts;
 (e) contracts of insurance commonly known as "broad form" accidental loss and damage insurance contracts.