Ian Lewis, Director - discussing Queensland's recent changes to construction industries QBCC annual financial report.
Calling all workers in the construction industry! Have you submitted your QBCC Financial Report?
The annual report is a quick health check of license to ensure every building contractor who operates in Queensland has a strong business with a sufficient level of working capital. The lodgement dates are dependent on annual turnover. If business annual turnover is over $800,000 the QBCC financial report was due the 31st December, 2020. However, if business turnover is under $800,000 the QBCC financial report will be due 31st March, 2021. If a due date is missed, details of the annual report are required to be uploaded online via myQBCC immediately. Neglect to submit the report QBCC can action no new work until the licensee complies.