It is now 12 months since the QBSA became the QBCC. We have had an increase in questions as to what the requirements are for construction industry businesses.
1. Do you need a licence?
In Queensland, a QBCC licence must be held by an individual or company when any building work valued over $3,300 is undertaken. This threshold is reduced to $1,000 if the work involves hydraulic services design. Additionally, building work of any value requires a licence if it involves drainage, gas fitting, plumbing, fire and termite protection, site classification, building design as well as residential building inspections.
2. What do I need to complete on renewal?
As licence holders would be aware, certain financial requirements need to be met in order to maintain a particular category of licence. If your licence category (turnover) is less than $300,000 you can self-assess your financial criteria and renew your licence directly with the QBCC.
Categories (turnover) over $300,000, however, require an independent review which an Accountant can prepare on your behalf. On top of this with the changes you need to ensure that you are maintaining quarterly financials and meet the financial tests required for your licence.
Should you have any queries regarding whether you require a QBCC licence, or require an independent review done, please contact us for more information.