From what I have gathered-and I may be mistaken- each individual council in NSW have their own autonomy with fire safety compliance in residential buildings.
One council, ie Sydney City Council, I think requires all residential buildings to be fire audited, but the Inner West council limit it to only certain types of residential buildings.
They can change it with a stroke of a pen, but some residential properties can skate on by with no fire safety infrastructure in place at all depending on what council you reside in in NSW.
And in terms of building insurance, it’s a question that’s never been put to me when the renewal comes up each year.
Whether my particular building is armed to the teeth with fire safety infrastructure or none all all.