The new QBCC Minimum Financial Requirements (MFR) Regulations commenced on 1 January 2019. The Regulation will operate alongside the current MFR policy which was introduced in October 2014. These will support the security of payment initiatives within the building and construction industry.
Under the new laws, QBCC licensees who hold a contractor grade licence will be required to meet annual financial reporting obligations.
What do you need to do?
If you are a licensee within financial categories Self-certifying 1 (SC1) to Category 7, you will need to submit your financial information to QBCC by 31 December 2019.
To make it easier for you to submit information, you will can upload your reports though the online MYQBCC portal.
If you have any questions in relation to your annual reporting requirements to QBCC, please contact our specialist QBCC accountants. You can reach us on (07) 3023 4800 or at firstname.lastname@example.org.
Visit our QBCC page to find out more about how we help.
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