Financial reporting for licensees

Who can provide MFR reports

A licensee must ensure an MFR report is prepared by a qualified accountant.

A person is a qualified accountant if they are an accountant who is independent of the licensee, and is approved by the QBCC.

A person is not independent of the licensee if the person is:

  • An employee of the licensee;
  • An executive officer, investor, or shareholder of the licensee;
  • A partner in the partnership of the licensee;
  • A related entity of the licensee.