Financial reporting for licensees
The new Minimum Financial Requirements (MFR) laws commenced on 1 January 2019 with the aim of ensuring that licensees in the building and construction industry are operating financially sustainable businesses. These new laws requires that licensees who hold a contractor grade licence must provide annual financial information.
What does this mean for you?
The financial figures and supporting documentation you may be required to provide is determined by your annual maximum revenue. Your maximum revenue (MR) includes all revenue you receive from the building industry and any other source. If you are unsure about the maximum revenue you have previously declared to the QBCC, you can check yours in our online licence search.
Select your category below for more information on how to meet your financial obligations