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What is an MFR report? An MFR report or declaration demonstrates to the QBCC that you have: enough working capital\u2014net tangible assets. in relation to your debts\u2014current ratio. for your intended and allowable annual turnover\u2014maximum revenue.
What are net tangible assets QBCC?
A licensee's net tangible assets (NTA) is the working capital they need to run their business. Net tangible assets (NTA) is the. total assets of a business. less any intangible asset such as. goodwill.
What is revenue QBCC?
Maximum revenue is the maximum turnover your business can earn in a financial year. The QBCC limits your permitted annual maximum revenue based on your financial situation.
What is BSA Qld?
ABOUT BSA. The Building Services Authority (BSA) is a statutory authority established under the Queensland Building Services Authority Act 1991 (QBSA Act) to regulate the building industry.
What QBCC reporting?
The QBCC determines your maximum revenue or permitted annual turnover based on your financial position as shown through an MFR report or financial declaration. Learn more about how to calculate your maximum revenue. The maximum revenue category you fall into will determine your financial reporting obligations.
Annual financial reporting is a once-a-year submission to the QBCC to demonstrate you continue to meet your minimum financial requirements (MFR). To maintain a QBCC contractor-type licence (particularly in a builder class) you are required to show that you continue to meet the minimum financial requirements.
What is NTA QBCC?
Net Tangible Assets (NTAs) is the value of assets that a QBCC Licensee or Licence applicant has after liabilities and intangible assets are removed and is used, in part, to determine the Licensee's Category. In calculation form, the NTA looks like this: NTA = Assets \u2013 Liabilities \u2013 Intangible Assets \u2013 Disallowed Assets.
What is a MFR report?
What is an MFR report? An MFR report or declaration demonstrates to the QBCC that you have: enough working capital\u2014net tangible assets. in relation to your debts\u2014current ratio. for your intended and allowable annual turnover\u2014maximum revenue.
What is NTA QBCC?
Net Tangible Assets (NTAs) is the value of assets that a QBCC Licensee or Licence applicant has after liabilities and intangible assets are removed and is used, in part, to determine the Licensee's Category. In calculation form, the NTA looks like this: NTA = Assets \u2013 Liabilities \u2013 Intangible Assets \u2013 Disallowed Assets.
What is MFR report?
What is an MFR report? An MFR report or declaration demonstrates to the QBCC that you have: enough working capital\u2014net tangible assets. in relation to your debts\u2014current ratio. for your intended and allowable annual turnover\u2014maximum revenue.
mfr pdf
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