The 31st December deadline is quickly approaching for those in the building industry If you’re licensed with the QBCC and your turnover is above $800,000 you will be required to submit a Minimum Financial Requirements report (MFR Report) along with your financial statements by the end of the year.
If your revenue is below $800,000 you will still be required to make a declaration to the QBCC confirming that you have not breached your license.
Please note we can use your 2019 financial year figures to satisfy these requirements. We recommend seeing your accountant sooner rather than later to identify any issues and ensure the accuracy of the information submitted.
Please see below link to see what your category requires:
https://www.qbcc.qld.gov.au/financial-categories-minimum-financial-requirements