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The new QBCC reporting requirements and what it means for your Construction Business

Commencing from 1 January, 2019, the Queensland Building and Construction Commission (QBCC) proposed changes to the Minimum Financial Requirements for construction businesses. The aim of the changes is to help provide some clarity around what can be included in calculating licensee revenue and assets, and to provide additional data quality capabilities and reporting for QBCC. This will result in more transparency with an aim of mitigating the impact of potential insolvencies.

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