QBCC MFR Category Calculator
Enter your expected annual revenue and (optionally) your Net Tangible Assets. Get your QBCC financial category, the NTA band you need and the reporting that applies – instantly, in your browser.
How we help — at a glance
What we handle for QBCC licensees:
Your numbers
Guide only, based on QBCC’s published category table. Within each category your exact minimum NTA scales with revenue, and disallowed-asset treatment depends on your circumstances – we confirm precise figures as part of an MFR engagement. Nothing you type is stored or sent anywhere; the calculation runs entirely in your browser.
How to use this calculator properly
Revenue: enter the most you realistically expect to turn over in the next 12 months – not last year’s figure if you are growing. Your category must cover your expected maximum revenue, and QBCC treats exceeding it as a compliance failure rather than a rounding error. If a big tender is in play, run the calculation with that job included: that is the number your licence has to support. (QBCC does tolerate up to 10% over your maximum revenue in a financial year before an MFR report becomes mandatory – but build your category around the realistic number, not the buffer.)
NTA: the honest input is your net tangible assets after disallowed items – which is almost never the equity figure on your balance sheet. Goodwill, director loan accounts and undocumented related-party loans all come out first. If you enter raw equity, the calculator will flatter you. Work through the disallowed assets checklist first for a realistic figure, or just enter equity and treat the result as your best case.
The result: the category bands come straight from QBCC’s published table. Within each band, the exact NTA you must hold scales with your actual revenue – a category 2 builder at $5m needs less NTA than one at $11m. That precise figure, and the current ratio test that rides alongside it, is what we calculate properly in an MFR engagement.
What your result means in practice
If you landed in SC1 or SC2
You self-certify – no accountant’s report needed for the licence. Sole traders no longer lodge annual reporting at all (since March 2025); companies still declare annually between 1 November and 31 March. The trap to watch: growth. The moment expected revenue crosses $800,000 you need category 1, an MFR report and real NTA – and that transition is far smoother planned a quarter ahead than discovered mid-tender.
If you landed in categories 1-3
Your licence runs on an MFR report at entry and upgrades, plus annual reporting each year between 1 August and 31 December. Special purpose financial statements are acceptable. Your main ongoing job is protecting NTA – watching the director loan account, keeping documentation on any related-party arrangements, and rechecking the tests before big purchases or dividends.
If you landed in categories 4-7
Welcome to the big end: general purpose financial statements are now required, the NTA-drop notification threshold tightens to 20%, and the first GPFS year is a genuine project. If you are approaching category 4 rather than already in it, start the GPFS transition planning alongside the capital planning.
| Category | Maximum revenue | Minimum NTA | Statements required |
|---|---|---|---|
| SC1 | Up to $200,000 | $12,000 | Self-certification |
| SC2 | Up to $800,000 | $46,000 | Self-certification |
| Category 1 | $800,001 – $3m | $46,001 – $156,000 | Special purpose financials |
| Category 2 | $3m – $12m | $156,001 – $480,000 | Special purpose financials |
| Category 3 | $12m – $30m | $480,001 – $1.2m | Special purpose financials |
| Category 4 | $30m – $60m | $1.2m – $2.4m | General purpose financials |
| Category 5 | $60m – $120m | $2.4m – $4.8m | General purpose financials |
| Category 6 | $120m – $240m | $4.8m – $14.4m | General purpose financials |
| Category 7 | Over $240m | Over $14.4m | General purpose financials |
Source: QBCC Minimum Financial Requirements. Within each category the exact NTA you must hold scales with your actual maximum revenue.
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Book a Chat Call (07) 5593 6060General information only – not financial or legal advice. QBCC thresholds and rules change; confirm current requirements with QBCC or speak to us before acting on anything you read here.
