Queensland Consolidated Regulations

QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION (MINIMUM FINANCIAL REQUIREMENTS) REGULATION 2018 - REG 11M

11M Application to change maximum revenue

(1) A licensee may apply to the commission at any time to change the licensee’s maximum revenue.

(2) The application must be—

(a) in the approved form; and

(b) accompanied by—

(i) for a category SC1 or SC2 licensee—a declaration in the approved form; or

(ii) otherwise—an MFR report.

(3) The commission may approve the application if satisfied the amount of the licensee’s net tangible assets is sufficient to support the proposed maximum revenue.