The Terrorism Insurance Amendment Regulations 2017 amends the Terrorism Insurance Regulations 2003 and will commence on 1 July 2017.
The Regulations implement recommendation nine of the Terrorism Insurance Act Review: 2015 to extend the terrorism insurance scheme to apply to mixed-use buildings where at least 20 per cent of the floor space is used for commercial purposes and high value residential buildings that are insured for $50 million or more.
For further information, refer to Treasury’s website.
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