Common use of Statutory Liability Extension Clause in Contracts

Statutory Liability Extension. The ‘Fines & Penalties’ exclusion clause contained in Section 5 ‘What is Not Covered’ of this Policy, shall not apply to the extent of the provisions of this ‘Statutory Liability Extension’ clause. Subject to the terms and conditions of this Policy, You are covered for Statutory Liability • caused by or arising from an Occurrence; • in the ordinary course of Your Business; • that happens after the relevant Retrospective Inception Date; • the Claim is first made against You during the Period of Insurance, and • We are not legally prohibited from disposing of or settling the Claim. We do not cover any liability caused by or arising from any breach, contravention or violation of sections 182, 183, 601FD, 601FE or 601JD of the Corporations Act 2001 (Cth) and any amendment, consolidation or re-enactment of any of those sections. Unless stated to the contrary on the Certificate

Statutory Liability Extension. The ‘Fines & Penalties’ exclusion clause contained in Section 5 ‘What is Not Covered’ of this Policy, Policy shall not apply to the extent of the provisions of this ‘Statutory Liability Extension’ clause. Subject to the terms and conditions of this Policy, You are covered for Statutory Liability • caused by or arising from an Occurrence; • in the ordinary course of Your Business; • that happens after the relevant Retrospective Inception Date; • the Claim is first made against You during the Period of Insurance, and • We are not legally prohibited from disposing of or settling the Claim. We do not cover any liability caused by or arising from any breach, contravention or violation of sections 182, 183, 601FD, 601FE or 601JD of the Corporations Act 2001 (Cth) and any amendment, consolidation or re-enactment of any of those sections. Unless stated to the contrary on the Certificate

Statutory Liability Extension. The ‘Fines & Penalties’ exclusion clause contained in Section 5 3.4 ‘What is Not CoveredExclusions Specific to this Legal Liability Section’ of this Policy, shall not apply to the extent of the provisions of this ‘Statutory Liability Extension’ clause. Subject to the terms and conditions of this Policy, You are covered for Statutory Liability • caused by or arising from an Occurrence; • in the ordinary course of Your Business; • that happens after the relevant Retrospective Inception Date; • the Claim is first made against You during the Period of Insurance, and • We are not legally prohibited from disposing of or settling the Claim. We do not cover any liability caused by or arising from any breach, contravention or violation of sections 182, 183, 601FD, 601FE or 601JD of the Corporations Act 2001 (Cth) and any amendment, consolidation or re-enactment of any of those sections. Unless stated to the contrary on the Certificate