Why QBCC Covenants Matter — The Risks of Self-Reporting and the Importance of Professional Guidance
Meeting your QBCC financial covenants specifically Net Tangible Assets (NTA) and Current Ratio has never been more crucial for builders and construction businesses in Queensland. The Queensland Building and Construction Commission (QBCC) uses these metrics to assess the financial viability and compliance of your business with its licensing conditions. For Categories 1 to 7 licence holders,…