MFR
MFR (Minimum Financial Requirements) are the QBCC's financial standards that Queensland contractor licensees must meet at all times, covering NTA and current ratio tests.
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Minimum Financial Requirements (MFR) are the financial standards set by the QBCC that all Queensland contractor licensees must meet and maintain throughout the life of their licence. There are two core tests: net tangible assets (NTA) must equal or exceed the minimum for your financial category, and your current ratio (current assets divided by current liabilities) must be at least 1:1.
Your MFR category is determined by your maximum annual revenue, ranging from SC2 (up to $800,000 turnover, $46,000 NTA) through to Category 7 (over $240 million). Failing to meet MFR can result in licence conditions, suspension, or cancellation. Categories 1 and above must submit an annual MFR Report prepared by a qualified accountant; individual sole traders in SC2 are exempt from annual reporting from March 2025.
Also known as: Minimum Financial Requirements
Category: Licensing and regulation
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Last updated: 2026-05-08. Verified: 2026-05-08. Quarterly review for currency.