Major changes to reporting requirements for QBCC licensees now in place

Changes to QBCC financial (effective from 1st January 2019) mean that licence holders in Categories 1-3 (turnover between $600,001 – $30,000,000) will need to provide reports annually about their financial position prepared under the Australian Accounting Standards including:
– a profit and loss statement;
– a debtors and creditors report; and
– a statement of cash flows.
These reports are due for submission by 31 December 2019, but in most circumstances, it will be advantageous to attend to it sooner.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Wayne Clark - BICB

I grew up in a family that was involved in the Building Industry, my father owned a Structural Engineering business called Australian Fabricated Industries (AFI). For the past four decades I have worked in various management rolls including a large private school and national building industry supply businesses.

Scroll to Top