Queensland Building and Construction Commission (Minimum Financial Requirements) Regulation 2018 (QLD)
Queensland Government
QLD LEGISLATION.
The main purpose of this regulation is to prescribe, for section 116(2)(ab) and schedule 2 of the Act, definition minimum financial requirements, the minimum financial requirements for—
(a) an applicant for a contractor’s licence; and
(b) a licensee who holds a contractor’s licence.
Notes—
1: An applicant for a contractor’s licence must satisfy the minimum financial requirements for the grant or renewal of a licence. See section 31 of the Act.
2: A contractor’s licence is, under section 35(3) of the Act, subject to conditions about satisfaction of the minimum financial requirements.
3: The commission may take action under section 50C of the Act in relation to a licensee’s satisfaction of the minimum financial requirements.
Contents:
1: Preliminary
2: Exemptions
3: Requirements For Preparing And Giving Information
3A: Licensee Categories
3B: Maximum Revenue
4: Net tangible assets
4A: Current ratio
4B: Professional Indemnity Insurance
4C: Miscellaneous
5: Transitional Provisions
Schedule 1: Calculated Maximum Revenue And Minimum Net Tangible Assets
Schedule 2: Professional Indemnity Insurance
Schedule 3: Dictionary
