QBCC MINIMUM FINANCIAL REQUIRMENTS AND TIMEFRAMES

Minimum financial requirements for licensing (MFR) reforms are a key initiative of the Queensland Government’s security of payment measures in the building and construction industry. The requirements are intended to ensure that building contractors have a sustainable and financially viable business.

Under the framework self-certifying SC1 and SC2 licensees are required to lodge their annual information by 31 March 2021.

The Queensland Building and Construction Commission has provided the below materials to notify licensees of their obligations under the Minimum Financial Requirements (MFR) for licencing framework and the support available from the QBCC to meet these obligations.

To read the documents, please click the links below: