A developer must not enter a contract for the sale of land on which residential building work has been or will be done on its behalf unless the certificate of insurance evidencing the s 92 insurance obtained by the builder is attached to the contract of sale (1,000 penalty units for a corporation, 200 otherwise), and must give the buyer, before contracting, the Authority-approved brochure explaining the cover and dispute procedures (40 penalty units for a corporation, 20 otherwise). A contract without the certificate is voidable by the purchaser before completion unless insurance was obtained before contracting and the certificate served before completion. The duty does not apply to sales more than 6 years after completion. The person who does the work for a developer, not the developer, is the one who insures.
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