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Queensland Building and Construction Commission (Minimum Financial Requirements) Regulation 2018
sec.17FRequirement to give commission information—change to deed of covenant and assurance
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### sec.17F Requirement to give commission information—change to deed of covenant and assurance
This section applies if—
a licensee includes a deed of covenant asset for working out the licensee’s net tangible assets; and
the deed is amended.
The licensee must, as soon as practicable, give the commission an MFR report showing how the amendment affects the licensee’s net tangible assets.
Maximum penalty—20 penalty units.
s 17F ins 2019 SL No. 30 s 23
(sec.17F-ssec.1) This section applies if— a licensee includes a deed of covenant asset for working out the licensee’s net tangible assets; and the deed is amended.
(sec.17F-ssec.2) The licensee must, as soon as practicable, give the commission an MFR report showing how the amendment affects the licensee’s net tangible assets.
- (a) a licensee includes a deed of covenant asset for working out the licensee’s net tangible assets; and
- (b) the deed is amended.