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Queensland Building and Construction Commission (Minimum Financial Requirements) Regulation 2018
sec.17PCommission may require valuation of asset
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### sec.17P Commission may require valuation of asset
The commission may, at any time, give a licensee a notice—
asking the licensee to give the commission a copy of a valuation by a registered valuer of an asset mentioned in the licensee’s financial information or MFR report; and
stating a reasonable time of at least 21 days within which the licensee must comply with the requirement under paragraph (a) .
The licensee must comply with the notice.
Maximum penalty—20 penalty units.
s 17P ins 2019 SL No. 30 s 24
(sec.17P-ssec.1) The commission may, at any time, give a licensee a notice— asking the licensee to give the commission a copy of a valuation by a registered valuer of an asset mentioned in the licensee’s financial information or MFR report; and stating a reasonable time of at least 21 days within which the licensee must comply with the requirement under paragraph (a) .
(sec.17P-ssec.2) The licensee must comply with the notice. Maximum penalty—20 penalty units.
- (a) asking the licensee to give the commission a copy of a valuation by a registered valuer of an asset mentioned in the licensee’s financial information or MFR report; and
- (b) stating a reasonable time of at least 21 days within which the licensee must comply with the requirement under paragraph (a) .