Mage Advisory Blog

What are the most common QBCC annual lodgement mistakes

Helix Insight

Financial requirements not a silver bullet to cure insolvency in the construction industry

Heads up Accountants – Don’t let Big Data act before you do!

Builders running businesses – it’s never been more challenging

Construction industry issues. The good, bad, ugly, missteps and unresolved

Insolvency in the building and construction industry. New thinking. Old problem

Further Recommended Resources

Legislation and Regulation

Queensland Building and Construction Commission Act 1991

Queensland Building and Construction Commission (Minimum Financial Requirements) Regulation 2018

Minimum Financial Requirements effective 9 October 2015

Access further resources from the QBCC regarding the financial reporting requirements for Self-certifying Category 1 and 2 here

Courier Mail article dated 6 February 2019

Queensland subcontractors owed $500 million across 50 building company collapses since 2013

Reports, inquiries and government documents related to mistakes and mishaps in the construction industry

Inquiry into Construction Industry Insolvency in NSW (2012) by Bruce Collins QC

Report on Financial Protection in the Building and Construction Industry (1998) by the Law Reform Commission of Western Australia

Review of Building and Construction Industry Security of  Payments Act 2009 (SA) (2015) by Alan Moss

Investigating subcontractor non-payment in the Queensland building industry (2019) by Queensland Government 

Review of Security of Payment Laws by the Australian Government (2017)

Report by Commonwealth of Australia ‘I just want to be paid’ Insolvency in the Australian Construction Industry (2015) by the Senate Economics References Committee

Inquiry into the Building and Construction Industry Payment Amendment Bill 2014 (2014) by the Transport, Housing and Local Government Committee 

Final Report of the Review of the Discussion Paper – Payment Dispute Resolution in the Queensland Building and Construction Industry (2013) by Andrew Wallace

Not intended as legal advice. Read full disclaimer.