54Requirement to continue to hold determined net financial

54 Requirement to continue to hold determined net financial assets (1) This regulation applies in relation to a building contractor mentioned in section 187 of the Act. (2) If the Practitioners Board gives the building contractor a notice under section 25B of the Act, the Board may require the building contractor to give the Board a net assets certificate. (3) However, if anything in regulation 39B or 39C is inconsistent with a repealed determination provision, the repealed determination provision prevails to the extent of the inconsistency. repealed determination provision is a provision of a determination made by the Minister under repealed section 24G of the Act that is relevant to net financial assets required for continued registration of a building contractor. repealed section 24G means section 24G of the Act as in force immediately before the commencement of section 187 of the Act.