Insights Top 3 Issues Catching Advisors Out Check out the top three QBCC related issues catching out advisors in 2023. 1. Not preparing General Purpose Financial Statements (GPFS) Many advisors are only becoming aware of this requirement the hard way – after...
Insights BEWARE: QBCC MFR requires General Purpose Financial Statements QBCC Licensee $800k+ revenue = General Purpose Financial Statements (GPFS). This is not a misprint. Need to increase turnover? New Licensee application? In a review or audit with QBCC and an MFR...
Insights What are the most common QBCC annual lodgement mistakes It goes without saying that 2019 has been an eventful year for the building industry. Add new QBCC financial reporting requirements, then throw in QBCC’s new big stick approach and the average licensee...
Insights QBCC Annual Reporting – Our Top Tips For QBCC licence holders 2019 has been a year of significant change. One of many was the release of the new Minimum Financial Requirements, requiring the lodgement of financial data on an annual basis with the QBCC. With...
Insights What has changed under the new QBCC rules While the core of the QBCC financial requirements may seem very familiar, there have been a number of subtle and bigger picture changes that are significant. In fact, some might say they are game changers. Some of the...
Insights What happens when the QBCC come knocking… Dealing with the regulator on Minimum Financial Requirements (MFR)… what happens when the QBCC come knocking? As 2020 gains momentum and the QBCC analyses Annual Reporting documentation lodged by licensees, it’s worth...
