201410.04
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QBCC – Minimum Financial Reporting Requirements

Some good news for builders and trades persons that were previously required to lodge a QBCC Independent Review Report (Financial Report).

From October 1 2014, the QBCC (formerly the BSA) have significantly reduced their reporting requirements. In most cases, there is no requirement to provide a financial report or declaration to the QBCC at licence renewal. Licensees who are currently in categories 1– 8 only need to notify QBCC at time of renewal if they do not meet the minimum requirements.

  • CATEGORY 1: $300,001 to $600,000
  • CATEGORY 2: $600,001 to $3,000,000
  • CATEGORY 3: $3,000,001 to $12,000,000
  • CATEGORY 4: $12,000,001 to $30,000,000
  • CATEGORY 5: $30,000,001 to $60,000,000
  • CATEGORY 6: $60,000,001 to $120,000,000
  • CATEGORY 7: $120,000,001 to $240,000,000
  • CATEGORY 8: Greater than $240M