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Townsville Building Knowledge: QBCC Changes to the MFR Regulation


Tuesday 17 September 2019
The Queensland Building and Construction Commission (QBCC) is the State’s building industry regulator. A part of their role is to provide information and education that fosters financially viable business practices, which help ensure security of payment. 

In this presentation, the QBCC will focus on the recent Changes to the MFR Regulation (i.e. annual reporting) and the existing Minimum Financial Requirements. The QBCC relies on industry accounting professionals to qualify licensee financial information and ensure it complies with Australian Accounting Standards and the MFR.
12:15pm – Registration & networking lunch 
1:00pm – Presentation - Changes to the MFR Regulation (i.e. annual reporting) and the existing Minimum Financial Requirements 2:00pm - Concludes
Speaker: Natasha Dennis-Weller - Team Leader for the Licensing Financial Unit 

Natasha began her appointment as a Licensing Officer for the Queensland Building and Construction Commission (QBCC) in 1992. Following this role, Natasha was appointed to her current quality assurance position as the Team Leader for the Licensing Financial Unit. 

In her role at the QBCC, Natasha’s responsibilities include leading financial audits and audit programs that ensure licensees meet their financial obligations, including minimum financial requirements policies. 

Natasha’s expertise follows more than two decades of experience in assessing licensees who are at imminent risk of insolvency, and her earlier specialist experience in coordinating post Cyclone Larry building repairs for uninsured property.
Mercure Townsville (Crystal Room) 
166-194 Woolcock Street 
Townsville QLD 4812
Presentation Topic: Changes to the MFR Regulation (i.e. annual reporting) and the existing Minimum Financial Requirements 

The Queensland Building and Construction Commission (QBCC) is the State’s building industry regulator. 

Part of QBCC’s role is to provide information and education that fosters financially viable business practices, which help ensure security of payment. 

All licensees must satisfy the Minimum Financial Requirements (MFR) policies to obtain and hold a QBCC-issued licence. 
If a licensee does not comply, the QBCC can place conditions on their licence, or suspend or cancel it. Assessing a licensee’s financial position includes considering work in progress calculations and related entity asset loans, which are often highly contentious. 

The QBCC liaises with accounting professionals to clarify interpretation of the MFR Policy and our financial auditing functions. The QBCC relies on industry accounting professionals to qualify licensee financial information and ensure it complies with Australian Accounting Standards and MFR Policy.

EVENT DETAILS


Topic: Audit & Assurance, Business Mindset, Corporate Finance, Ethics & Integrity, Financial Advisory and Superannuation, Future Focused, Insolvency, Member Regional Events

Sub-Topic: Building Knowledge

Format: Blended Program

Proficiency Level: Foundation, Intermediate, Advanced, Authority

CPD: 1 hours


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