|
|
|
|
|
|
|
Contract Amendments
Note: Amendment requests (apart from value) should only relate to an error of detail, not to a change of detail. BSA is unable to swap or change a site or owner on a given policy.
Amendment requests are to be placed in writing and sent to BSA along with any supporting documentation (e.g. copy of contract, variation document, letter signed by all parties to contract etc.).
Once the changes are made you will receive a new Construction Notification and a new Certificate of Insurance is sent to the owner.
Cancelling a Policy of Insurance
Where you and the owner agree to terminate a contract you must provide information BEFORE any refund of the premium paid can be issued or the policy cancelled.
A policy of insurance can only be cancelled if:
The work insured under the policy HAS NOT commenced
The contract between yourself and the owner has been terminated
Less than one year has elapsed since the day the contract was entered into
Any deposit paid has been refunded - less lawful deductions (this may include the BSA premium)
You have provided BSA with the required information
What should be provided to BSA?
A written authority to cancel the BSA insurance policy
Signed and dated copy of the building contract including the section regarding deposit/stage payments - BSA does not require a copy of the terms and conditions. If a written contract was not used, a Statutory Declaration confirming this will need to be provided.
Copy of signed variations detailing changes made to the contract
Copy of written notice of withdrawal under the 'cooling off period' (where applicable). Where a written notice of withdrawal does not exist, a Statutory Declaration signed by both parties will need to be provided.
Evidence that no money has been transacted between the owner and builder, or evidence that monies which were paid by the owner under the building contract (this may include the BSA insurance premium) have been refunded in accordance with the building contract - sufficient evidence may be a copy of a reconciliation and/or receipts
A declaration that no works have commenced
Note: - It is an offence under the Domestic Building Contracts Act 2000(DBCA) to raise BSA insurance without having signed a DBCA compliant contract in place.
Decreasing the value of a project
To enable BSA to amend the contract value, please provide the following information:
your written authority outlining the decrease to the value of the insurance policy; and
a signed and dated copy of the building contract, including a copy of the signed variations document detailing the changes made to the contract value. If a signed variation and/or contract is not available, a Statutory Declaration signed by both parties confirming the change of contract may be provided.
The information may be sent by email to info@bsa.qld.gov.au or by mail or fax.
Refund of monies
BSA will refund any amount to you or to a person nominated in writing by you. A $30 administration fee may be charged when cancelling a policy.
|
|
|
|
|
|
