Queensland Consolidated Regulations

QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION (MINIMUM FINANCIAL REQUIREMENTS) REGULATION 2018 - REG 12

12 Requirement to hold minimum amount of net tangible assets

(1) A licensee must hold net tangible assets, excluding any deed of covenant asset, of not less than $0.

(2) Also, a licensee must, at all times, unless the licensee has a reasonable excuse, hold at least the net tangible assets, including any deed of covenant asset, worked out for the licensee under schedule 1 , part 2 .

(3) A licensee for a builder contractor’s licence under the Queensland Building and Construction Commission Regulation 2018 , must hold net tangible assets of at least $46,000.