NSW Home Building Act 1989
Parts 6A, 6B and 6C: Insolvent insurers, alternative indemnity products and insurer licensing – NSW Home Building Act 1989

NSW Home Building Act 1989 s105V-105W: ss 105V and 105W Keep records, lodge quarterly returns and assist audits

A licence holder must keep the accounting and other records prescribed or directed by the Authority and lodge returns on its business and financial position in the prescribed or directed form within 6 weeks of each quarter end (31 March, 30 June, 30 September, 31 December) or as directed, certified by an auditor or actuary where the regulations require (500 penalty units). The Authority may appoint auditors to inspect records, investments and compliance and to report on efficiency; the licence holder must give all reasonable assistance and no one may intentionally obstruct them (500 penalty units).

Maintained by Gerard Blokdyk

Other controls in Parts 6A, 6B and 6C: Insolvent insurers, alternative indemnity products and insurer licensing – NSW Home Building Act 1989

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