Hi Enneahedron,
In order to comply with regulations (FAR, LAR, etc) you need to have 2 radio and navigation equipment so, in this case, the 530 works as the first nav and com as well as gps and the 430 is com 2 and nav 2. Also redundancy it's a great thing in aviation so in the unlikely case that you lose the 530 you can still use the 430 ... well that's a very simplified explanation without getting to deep into the regulation (nor mentioning them). Hope I was clear enough.
Keep flying!