Queensland Subordinate Legislation as Made

QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION (MINIMUM FINANCIAL REQUIREMENTS) AMENDMENT REGULATION (NO. 2) 2019 - REG 5

5 Amendment of s 16 (Working out a licensee’s liabilities)

Section 16 —
insert—

(2) The trust assets of a trust mentioned in subsection (1)(b) must be worked out under this division as if—

(a) a reference to net tangible assets were a reference to trust assets; and

(b) a reference to a licensee were a reference to the trustee of the trust.