Blog · Construction
QBCC annual financial reporting: what Queensland builders need to lodge
If you hold a QBCC contractor licence, your licence depends on more than your trade skills. The QBCC also checks that your business is financially sound through its Minimum Financial Requirements (MFR). The once-a-year part of that is annual financial reporting.
Who has to lodge
Annual reporting applies to companies holding a contractor licence (whatever their financial category), and to individual licensees with an approved maximum revenue above $800,000 (categories 1 to 7). Since March 2025, individual SC1 and SC2 licensees no longer need to lodge annual reports.
When it's due
- Categories 1 to 7: lodgement opens 1 August and is due by 31 December.
- SC1 and SC2 companies: due by 31 March.
For most licensees, the figures are as at 30 June. The QBCC sends written notice of your annual reporting day, so check your notice if you're unsure.
What the QBCC is looking for
- You haven't gone over your maximum revenue by more than 10% without telling them.
- Your current assets are at least equal to your current liabilities (a 1:1 ratio).
- You can keep paying your subcontractors and suppliers.
Categories 4 to 7 need signed general purpose financial statements. Annual reporting doesn't change your maximum revenue amount. To lift your maximum revenue you need a separate MFR report, signed by you and a qualified accountant.
Common traps
- Leaving it until December, when your accountant and the QBCC are both busiest.
- Loans to directors or related parties dragging down your net tangible assets.
- Winning a big job that pushes turnover past your category without updating it first.
How we help
We prepare QBCC annual reporting and MFR reports for builders and trades across the Sunshine Coast and Gympie, and we plan your year so the numbers work before 30 June, not after it.