Building Act 1993
187Requirement to continue to hold determined net financial
Start here
Get a plain-English read of 187
Turn the raw legal text into a practical explanation grounded in Building Act 1993.
187 Requirement to continue to hold determined net financial assets (1) An individual or corporation registered before the commencement day as a building contractor must, during the remaining period of registration, continue to hold the relevant amount of determined net financial assets. (2) For subsection (1), the relevant amount of determined net financial assets is the amount of net financial assets specified for the individual or corporation in the Minister's determination under section 24G as in force immediately before the commencement day.