Get Minimum Financial Requirements (mfr) - Queensland Building And ...

This guide provides a clear and concise overview of how to complete the Minimum Financial Requirements (MFR) form for the Queensland Building and Construction Commission. Users will find step-by-step instructions tailored to help them navigate the online process comfortably.

Follow the steps to successfully complete the MFR online.

1. Use the ‘Get Form’ button to access the MFR document and open it in your preferred editor.
2. Begin by reviewing the financial requirements outlined in the form. Familiarize yourself with the objectives and the importance of each section.
3. Provide details about your net tangible assets in the designated section. Ensure that you include all relevant assets and liabilities as per the definitions provided.
4. Calculate your maximum revenue based on the formulas indicated. Ensure that the calculations align with the levels specified in Table A.
5. Complete the current ratio section by inputting your calculated current assets and liabilities, ensuring it meets the required 1:1 ratio.
6. Prepare your financial monitoring information, including any necessary internal management accounts that may need to accompany your submission.
7. If applicable, include the required Deed of Covenant and Assurance documentation supporting your financial position.
8. Review all information entered for accuracy and completeness. Confirm that no disallowed assets or incorrect financial items are reported.
9. Finally, save your changes and prepare to download, print, or share the completed MFR form as needed for your submission.

Complete your Minimum Financial Requirements document online today to ensure compliance for your licensing needs.