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.20 Category 7 licensees A category 7 licensee must hold at least the amount of net tangible assets worked out using the following formula— sch 1 s 20 ins 2019 SL No. 30 s 28

Previous sectionsch.1-sec.19Category 6 licensees