Let Agilis help you with the QBCC reporting process
What is the QBCC?
The Queensland Building and Construction Commission (QBCC) is a statutory body that regulates Queensland’s building and construction industry.
Their purpose, is to ensure Queensland has proper building standards.
Do you live in Queensland, Australia and work in the building and construction industry?
If you live in Queensland, Australia and work in the building and construction industry, you are required to hold a QBCC Licence.
This is to ensure your business’s financial viability and for consumer protection.
As a QBCC Licence holder, you are then required to lodge an Annual Financial Report (compulsory) and potentially also a Minimum Financial Report.
The Annual Financial Report and Minimum Financial Report are designed to assess a trade business’s working capital, financial viability and protect consumers.
You must lodge at least the Annual Financial Report annually if you hold a QBCC Licence.
Whilst it is not compulsory to utilize your accountant to lodge your Annual Financial Report, you only have one chance to get the report right.
QBCC Annual Reporting is a compulsory annual lodgment based on a categorical license method depending on a business’s annual turnover.
Minimum Financial Report
QBCC MFR is lodged by your Accountant, and is only required under certain circumstances – such as applying for a new licence or a change in business Director.
Agilis CA have accountants that specialize in working with trades businesses and the QBCC, who can assist you with any of your QBCC Annual Reporting and/or MFR reporting needs.
For additional information on the QBCC reporting process, click here to read our QBCC article on what you need to know before you lodge your Annual Report, and how Agilis can assist you.
You can also watch our video below, to see how Agilis CA specialises in working with QBCC clients.