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  • Qbcc Declaration Form Estimated Maximum Revenue

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QBCC Declaration Form ESTIMATED MAXIMUM REVENUE Completing this form Use BLACK pen only Print clearly in BLOCK LETTERS DO NOT use correction fluid any amendments should be crossed out and initialled.

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The minimum current ratio for a licensee is 1:1.

This means: any related entity asset loans need to be assessed under the MFR Regulation (ie the related entity needs to have a QBCC current ratio of at least 1:1 and a NTA position of at least $0) any borrowing costs / intangible assets need to be deducted from net assets.

Meeting minimum financial requirements (MFR) ensures a contractor-type licensee has a financially sustainable business and appropriate level of working capital.

The QBCC will calculate your ratio based on the information you provide. There are many defined terms and these are set out in this guide. Contractor-grade licensees are required to submit financial information every year, which can be submitted online at my.qbcc.qld.gov.au. This is known as annual reporting.

Maximum revenue is the maximum turnover your business can earn in a financial year based on your financial situation.

A current ratio of 1.0 indicates that a company's current assets are equal to its current liabilities. The average current ratio varies from industry to industry, but is typically somewhere between 1.0 and 3.0.

A current ratio of 1.0 or greater is considered acceptable for most businesses. Most analysts agree that other factors need to be considered before drawing conclusions from the current ratio such as how quickly current assets can be converted into cash, and the credit terms extended by suppliers and to customers.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232