Financial reporting requirements for Categories 1-3 (Maximum revenue between $800,001 - $30,000,000)
Applying for a licence
Licensees that require a maximum revenue (MR) in the financial year up to $30,000,000, are required to submit financial information in the MFR report (PDF).
The report can be no more than 4 months in age, from the end of the financial reporting period being relied upon, at the time the accountant signs the report.
The financial information may be based on the applicant’s most recent financial information, being either:
- last financial year end accounts; or
- the current financial year to date accounts.
A copy of the Signed Financial Statements being relied upon must accompany the MFR report. The report must not be signed more than 30 days prior to the date it is provided to the QBCC.
Forms submitted with alterations, other than the completion of the spaces provided, may be refused by the QBCC; i.e. incomplete forms, or forms with information supplied in addition to or in place of what is requested.
Changing your MR
To increase or decrease the MR between $800,001 - $30,000,000 the licensee must complete and submit financial information in the MFR report together with a copy of the signed financial statements relied upon to complete the MFR report. The report can be no more than 4 months in age, from the end of the financial reporting period being relied upon, at the time the accountant signs the report.