sec.12Requirement to hold minimum amount of net tangible assets

### sec.12 Requirement to hold minimum amount of net tangible assets A licensee must hold net tangible assets, excluding any deed of covenant asset, of not less than $0. Also, a licensee must, at all times, unless the licensee has a reasonable excuse, hold at least the net tangible assets, including any deed of covenant asset, worked out for the licensee under schedule 1 , part 2 . A licensee for a builder contractor’s licence under the Queensland Building and Construction Commission Regulation 2018 , must hold net tangible assets of at least $46,000. s 12 sub 2019 SL No. 30 s 17 (sec.12-ssec.1) A licensee must hold net tangible assets, excluding any deed of covenant asset, of not less than $0. (sec.12-ssec.2) Also, a licensee must, at all times, unless the licensee has a reasonable excuse, hold at least the net tangible assets, including any deed of covenant asset, worked out for the licensee under schedule 1 , part 2 . (sec.12-ssec.3) A licensee for a builder contractor’s licence under the Queensland Building and Construction Commission Regulation 2018 , must hold net tangible assets of at least $46,000.