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Queensland Building and Construction Commission (Minimum Financial Requirements) Regulation 2018
sec.8BParticular information must accompany applications
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### sec.8B Particular information must accompany applications
An application for a contractor’s licence under section 33 of the Act must be accompanied by the following information—
if the applicant’s proposed maximum revenue for a reporting year is not more than $800,000—a declaration in the approved form about the applicant’s compliance with the minimum financial requirements;
if the applicant’s proposed maximum revenue for a reporting year is more than $800,000—an MFR report.
However, an application need not be accompanied by the information mentioned in subsection (1) if—
the applicant is the holder of a contractor’s licence (an existing licence ) of a class other than the licence being applied for; and
the licensee’s total actual revenue will not exceed the maximum revenue approved for the existing licence, if the licence the subject of the application is granted.
An application for a licence under section 33 of the Act must also be accompanied by the following information for the applicant’s professional indemnity insurance—
a copy of the certificate of currency for the insurance;
if the professional indemnity insurance does not comply with part 4B —a declaration, in the approved form, about the non-compliance;
if the professional indemnity insurance complies with part 4B —a statutory declaration verifying compliance;
if the insurance policy for the professional is arranged by an insurance broker—a receipt given by the broker for payment for the insurance.
s 8B ins 2019 SL No. 30 s 11
(sec.8B-ssec.1) An application for a contractor’s licence under section 33 of the Act must be accompanied by the following information— if the applicant’s proposed maximum revenue for a reporting year is not more than $800,000—a declaration in the approved form about the applicant’s compliance with the minimum financial requirements; if the applicant’s proposed maximum revenue for a reporting year is more than $800,000—an MFR report.
(sec.8B-ssec.2) However, an application need not be accompanied by the information mentioned in subsection (1) if— the applicant is the holder of a contractor’s licence (an existing licence ) of a class other than the licence being applied for; and the licensee’s total actual revenue will not exceed the maximum revenue approved for the existing licence, if the licence the subject of the application is granted.
(sec.8B-ssec.3) An application for a licence under section 33 of the Act must also be accompanied by the following information for the applicant’s professional indemnity insurance— a copy of the certificate of currency for the insurance; if the professional indemnity insurance does not comply with part 4B —a declaration, in the approved form, about the non-compliance; if the professional indemnity insurance complies with part 4B —a statutory declaration verifying compliance; if the insurance policy for the professional is arranged by an insurance broker—a receipt given by the broker for payment for the insurance.
- (a) if the applicant’s proposed maximum revenue for a reporting year is not more than $800,000—a declaration in the approved form about the applicant’s compliance with the minimum financial requirements;
- (b) if the applicant’s proposed maximum revenue for a reporting year is more than $800,000—an MFR report.
- (a) the applicant is the holder of a contractor’s licence (an existing licence ) of a class other than the licence being applied for; and
- (b) the licensee’s total actual revenue will not exceed the maximum revenue approved for the existing licence, if the licence the subject of the application is granted.
- (a) a copy of the certificate of currency for the insurance;
- (b) if the professional indemnity insurance does not comply with part 4B —a declaration, in the approved form, about the non-compliance;
- (c) if the professional indemnity insurance complies with part 4B —a statutory declaration verifying compliance;
- (d) if the insurance policy for the professional is arranged by an insurance broker—a receipt given by the broker for payment for the insurance.