Queensland Consolidated Regulations

QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION (MINIMUM FINANCIAL REQUIREMENTS) REGULATION 2018 - SCHEDULE 1

SCHEDULE 1 – Calculated maximum revenue and minimum net tangible assets

Part 1 - Calculated maximum revenue

1 Definitions for part

In this schedule—

"CMR" means calculated maximum revenue.

"NTA" means the net tangible assets of a licensee worked out for the licensee under part 4 of this regulation.

"M" means 1 million.

2 Licensees holding NTA of at least $12,000 but not more than $45,999

If a licensee holds NTA of $12,000 or more but not more than $45,999, the licensee’s calculated maximum revenue is $200,000.

3 Licensees holding NTA of $46,000

If a licensee holds NTA of $46,000, the licensee’s calculated maximum revenue is $800,000.

4 Licensees holding NTA of more than $46,000 but not more than $156,000

If a licensee holds NTA of more than $46,000 but not more than $156,000, the licensee’s calculated maximum revenue is the amount worked out using the formula—

5 Licensees holding NTA of more than $156,000 but not more than $480,000

If a licensee holds NTA of more than $156,000 but not more than $480,000, the licensee’s calculated maximum revenue is the amount worked out using the formula—

6 Licensees holding NTA of more than $480,000 but not more than $1.2M

If a licensee holds NTA of more than $480,000 but not more than $1.2M, the licensee’s calculated maximum revenue is the amount worked out using the formula—

7 Licensees holding NTA of more than $1.2M but not more than $2.4M

If a licensee holds NTA of more than $1.2M but not more than $2.4M, the licensee’s calculated maximum revenue is the amount worked out using the formula—

8 Licensees holding NTA of more than $2.4M but not more than $4.8M

If a licensee holds NTA of more than $2.4M but not more than $4.8M, the licensee’s calculated maximum revenue is the amount worked out using the formula—

9 Licensees holding NTA more than $4.8M but not more than $14.4M

If a licensee holds NTA of more than $4.8M but not more than $14.4M, the licensee’s calculated maximum revenue is the amount worked out using the formula—

10 Licensees holding NTA of more than $14.4M

If a licensee holds NTA of more than $14.4M, the licensee’s calculated maximum revenue is the amount worked out using the formula—

Part 2 - Minimum net tangible assets

11 Definitions for part

In this part—

"M" means 1 million.

"Max" , for a licensee, means the licensee’s maximum revenue.

"mNTA" means the minimum amount of net tangible assets a licensee must hold.

12 Category SC1 licensees

A category SC1 licensee must hold minimum net tangible assets of $12,000.

13 Category SC2 licensees

A category SC2 licensee must hold minimum net tangible assets of $46,000.

14 Category 1 licensees

A category 1 licensee must hold at least the amount of net tangible assets worked out using the following formula—

15 Category 2 licensees

A category 2 licensee must hold at least the amount of net tangible assets worked out using the following formula—

16 Category 3 licensees

A category 3 licensee must hold at least the amount of net tangible assets worked out using the following formula—

17 Category 4 licensees

A category 4 licensee must hold at least the amount of net tangible assets worked out using the following formula—

18 Category 5 licensees

A category 5 licensee must hold at least the amount of net tangible assets worked out using the following formula—

19 Category 6 licensees

A category 6 licensee must hold at least the amount of net tangible assets worked out using the following formula—

20 Category 7 licensees

A category 7 licensee must hold at least the amount of net tangible assets worked out using the following formula—