You are using a version of the website built for webcrawlers and people whose devices cannot use javascript.
Some functionality will not be available.
Contents (2000 - 557)
Skip to content
Environmental Planning and Assessment Regulation 2000
Historical version for 15 July 2001 to 13 December 2001 (accessed 29 January 2020 at 10:05) Current version
Part 11 Division 2 Clause 213
213   Excess
(cf clause 81U of EP&A Regulation 1994)
(1)  An automatic run-off contract must not require the insured to bear a greater proportion of the liability under any single claim than the prescribed excess.
(2)  Nothing in this clause prevents an automatic run-off contract from providing for a counter-indemnity from the insured to the insurer.
(3)  In this clause:
prescribed excess, in relation to a claim paid by an insurer under an automatic run-off contract, means:
(a)  $5,000, or
(b)  5 per cent of the insured’s gross income during the financial year preceding the beginning of the term of the contract,
whichever is the greater.
financial year means the period of 12 months ending 30 June.