Queensland Consolidated Regulations

QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION (MINIMUM FINANCIAL REQUIREMENTS) REGULATION 2018 - REG 8B

8B Particular information must accompany applications

(1) An application for a contractor’s licence under section 33 of the Act must be accompanied by the following information—

(a) if the applicant’s proposed maximum revenue for a reporting year is not more than $800,000—a declaration in the approved form about the applicant’s compliance with the minimum financial requirements;

(b) if the applicant’s proposed maximum revenue for a reporting year is more than $800,000—an MFR report.

(2) However, an application need not be accompanied by the information mentioned in subsection (1) if—

(a) the applicant is the holder of a contractor’s licence (an
"existing licence" ) of a class other than the licence being applied for; and

(b) the licensee’s total actual revenue will not exceed the maximum revenue approved for the existing licence, if the licence the subject of the application is granted.

(3) An application for a licence under section 33 of the Act must also be accompanied by the following information for the applicant’s professional indemnity insurance—

(a) a copy of the certificate of currency for the insurance;

(b) if the professional indemnity insurance does not comply with part 4B —a declaration, in the approved form, about the non-compliance;

(c) if the professional indemnity insurance complies with part 4B —a statutory declaration verifying compliance;

(d) if the insurance policy for the professional is arranged by an insurance broker—a receipt given by the broker for payment for the insurance.