LODGING YOUR FINANCIAL INFORMATION WITH THE QBCC

Christopher Ganfield
July 18, 2022

Lodging with QBCC

If you’re in the Queensland building industry you need to know when to lodge your financial information with the QBCC to avoid falling foul of the Minimum Financial Requirements Regulation (MFR Regulation).

The timing of your lodgment is based on turnover. For those whose turnover is up to $800,000 (categories SC1 and SC2) lodgment can be done any time between 1 November and 31 March.

For those over $800,000 (categories 1 to 7) lodgment dates are 1 August to 31 December.

The financial information you are required to lodge is based on your business performance for the financial year ending 30 June and can be lodged online via “my QBCC”

LINKS

https://my.qbcc.qld.gov.au/s/login/

https://www.qbcc.qld.gov.au/sites/default/files/2021-09/guide-annual-reporting.pdf

https://www.qbcc.qld.gov.au/sites/default/files/2021-11/guide-myqbcc-mf-cat-1-2-3.pdf

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BENEFITS OF CHECKING YOUR QBCC FINANCIAL REQUIREMENTS BEFORE 30 JUNE

As the financial year draws to a close, it's important for businesses in the construction industry to review their financial information and how they comply with the QBCC financial requirements for their licence category.

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Superannuation contributions can be an effective strategy to reduce your tax. You should act as soon as possible to make your contribution deductible for the 2023 financial year.