Insights · Construction ·
QBCC annual reporting checklist
Annual reporting is QBCC’s once-a-year check that you still meet the minimum financial requirements. Miss it, or lodge numbers that don’t add up, and your licence can be at risk.
Who has to lodge
- Companies that hold a contractor licence, in any financial category.
- Individuals with approved maximum revenue over $800,000 (categories 1 to 7).
- SC1 and SC2 individuals no longer lodge (removed in March 2025).
When
- Categories 1 to 7: most are due by 31 December.
- SC1 and SC2 companies: due by 31 March.
- QBCC opens the case in myQBCC at least five months before the due date and sends reminders.
What you need
- Categories 1 to 3: internal accounts are generally accepted. Categories 4 to 7: signed general-purpose financial statements. Check the current QBCC regulatory guide.
- A clean balance sheet: related-party loans, retentions, WIP and director loans correctly classified.
- Evidence that revenue stayed within your maximum revenue (or that you told QBCC).
- Current ratio of 1 or more at year end.
Make it easy
Finish your tax-year accounts early, review the balance sheet with QBCC tests in mind, and fix issues before 30 June, not after. Our 13-week cash flow forecast helps you see the current ratio coming.
Quick answers
When is QBCC annual reporting due?
By 31 December for most category 1–7 licensees and by 31 March for SC1 and SC2 companies, per QBCC.
Want this looked at for your business?
Book a free 15-minute Financial Health Check with Tereza, our practice manager. We look at income, tax, the business, mortgage, insurance and super in one go. Short on time? Grab a 5-minute quick chat.
Sources
Related
General information only. This doesn’t take your circumstances into account and isn’t tax, financial or legal advice. Talk to your accountant or registered tax agent before acting. PRM is not a registered tax agent; tax agent services are provided by Australian Tax & Super Pty Ltd (TPB 25291395).