NTIn ForceAct
Building Act 1993
187Requirement to continue to hold determined net financial
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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.