If you work in the building industry in Queensland, chances are you need a Queensland Building and Construction Commission (QBCC) licence. The QBCC is a statutory authority established to regulate the Queensland building industry. It is QBCC’s mission to improve standards, equity and confidence in the building industry.
Any contractors performing building work valued over $3,300 must hold a QBCC licence. A QBCC licence is like a driver’s licence in that it shows that the licensed person has met QBCC’s technical, managerial and financial requirements.
When you need a licence
In Queensland, individuals and companies must hold a QBCC licence to carry out:
any building work valued over $3,300
building work valued over $1,100 where it involves Hydraulic Services Design
building work of any value where it involves:
Plumbing and Drainage
Termite Management – Chemical
Completed Residential Building Inspection
Building Design – Low Rise, Medium Rise and Open
Types of licence classes
The scope of work for each QBCC licence class outlines the range of building work for that class. The building work you do must be covered by your licence. For some work, you may need more than one licence class.
The Minimum Financial Requirements
The Minimum Financial Requirements (MFR) set out the level of asset backing you will need for your specific QBCC licence class. To work out the minimum assets you need to hold for your current turnover level click here to use the QBCC’s MFR calculator.
Your Accountant Can Help
To ensure the MFR’s are met you will need to regularly monitor your financial performance. Depending on the licence category you are in, a quarterly review of your financial reports is recommended to ensure you remain compliant.
A report from your Accountant must be lodged with the QBCC where you move to a higher turnover category under your licence.
For further information about QBCC Licence’s please click here.