QBCC Annual Reporting
All Building & Construction licencees are required to lodge their annual reporting to the QBCC. Here is the reporting required for each type of licence and the due date:
SELF CERTIFYING SC1 (turnover up to $200000) and SC2(turnover up to $800000)
- Your income and expenses along with assets and liabilities are to be submitted online in the my QBCC login
- SC1 must have $12000 of Assets less Liabilities
- SC2 must have $46000 of Assets less Liabilities
These can be lodged from 1/11/23 and are due by 31/3/24
CATEGORIES 1 – 3 (Maximum Revenue of $800,001 - $30,000,000)
- The following must be recorded in financial information on the my QBCC portal:
- Profit and Loss Statement
- Balance Sheet
- Statement of Equity
- Statement of Cashflow
- The following must be uploaded to the myQBCC portal
- Profit and Loss Statement
- Balance Sheet
- Aged Debtors and Creditors
- Statement of Cashflow
These can be lodged from 1/8/23 and are due by 31/12/23
CATEGORIES 4 – 7 (Maximum Revenue of $30,000,001 +)
- The following must be recorded in financial information on the myQBCC portal:
- Profit and Loss Statement
- Balance Sheet
- Statement of Equity
- Statement of Cashflow
- The following must be uploaded to the my QBCC portal.
- Profit and Loss Statement
- Balance Sheet
- Aged Debtors and Creditors (categorised by aged of debt)
- Statement of Cashflow
- Notes to Financial Statements including measurement of assets and liabilities within the meaning of the Australian Accounting Standards
- Written Declaration verifying information contained in documents above.
- Financial Statements prepared as General-Purpose Financial Statements
It is extremely important that you understand your financial obligations for your licence category when submitting the Annual Reporting to the QBCC. If your entity falls outside the financial requirements, the QBCC are likely to take a hard approach and look to suspend your licence. If you have any doubt about whether you pass the minimum financial requirements, please don’t hesitate to contact our office and talk to one of our knowledgeable team!
