Turn the raw legal text into a practical explanation grounded in Queensland Building and Construction Commission (Minimum Financial Requirements) Regulation 2018.

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### sch.1-sec.12 Category SC1 licensees A category SC1 licensee must hold minimum net tangible assets of $12,000. sch 1 s 12 ins 2019 SL No. 30 s 28

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Section sch.1-sec.12 - Queensland Building and Construction Commission (Minimum Financial Requirements) Regulation 2018 - Category SC1 licensees — Zoe