Supporting financial strength of licensees is a focus area for the QBCC, as identified in their Compliance and Enforcement Strategy 2024-2026. As is early intervention for financially distressed licensees – because prevention is better than cure.
As part of this strategy, the QBCC has developed a range of compliance and enforcement focus areas, some of which are enduring while others will have a shorter-term priority focus, as illustrated below:
The QBCC provides a range of educational resources and workshops on financial management and compliance to help licensees navigate financial challenges, and understand more effective financial management, including budgeting and cash flow strategies.
These support tools benefit everyone by enhancing the financial wellbeing of licensees and contributing to a more stable building and construction industry.
What you can do:
Our team of accountants can provide tailored advice to help you strengthen your financial foundation and safeguard your business against insolvency risks.
You can also access the QBCC’s series of educational videos on YouTube or visit the QBCC’s website for advice about financial requirements.
The information (including taxation) contained on this website is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. DLA Partners strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.