Table 15: Financial Investigations - 2016-2017 Activities under MFR policy Financial audits 484 Non-payment of debt investigations 347 Suspension non-payment of debt 102 – Suspension non-compliance with audit 63 – Suspension not meeting MFR 38 – Cancellation non-payment of debt 39 – Cancellation non-compliance with audit 33 – Cancellation not meeting MFR 23 – Licence suspensions and cancellations The QBCC assesses a to hold a licence and where appropriate, imposes licensee’s entitlement exclusions, disqualifications and bans on individuals and companies. There were 85 companies and 123 individuals excluded from holding a QBCC contractor or nominee supervisor licence due to their involvement in a financial failure during the period. Permanent exclusion was imposed on 33 individuals for their involvement in a second financial failure. There were 15 contractor licences immediately suspended due to insolvent trading or other serious risk. *Between 1 July 2013 and 30 November 2013 the statistics relate to the former authority (QBSA). Statistics between 1 December 2013 and 30 June 2017 relate to activities of the QBCC. The statistics have been reported together to allow for trend analysis. COMPLIANCE AND ENFORCEMENT The QBCC investigates complaints made by consumers, contractors and other industry participants in order to support a fair playing field for Queensland licensees by identifying and penalising unlawful operations. The QBCC also carries out proactive audits and investigations to detect unlicensed contracting and other breaches of legislative requirements. Licensing audits To ensure a level playing field, the QBCC utilises its Licensing Audit Program to target unlicensed contracting, with the aim to rid the industry of unscrupulous operators and to penalise unlawful operations.
Table 15: Financial Investigations - Activities under MFR policy 2016-2017 Financial audits 484 Non-payment of debt investigations 347 Suspension – non-payment of debt 102 Suspension – non-compliance with audit 63 Suspension – not meeting MFR 38 Cancellation – non-payment of debt 39 Cancellation – non-compliance with audit 33 Cancellation – not meeting MFR 23 Licence suspensions and cancellations The QBCC assesses a licensee’s entitlement to hold a licence and where appropriate, imposes exclusions, disqualifications and bans on individuals and companies. There were 85 companies and 123 individuals excluded from holding a QBCC contractor or nominee supervisor licence due to their involvement in a financial failure during the period. Permanent exclusion was imposed on 33 individuals for their involvement in a second financial failure. There were 15 contractor licences immediately suspended due to insolvent trading or other serious risk. *Between 1 July 2013 and 30 November 2013 the statistics relate to the former authority (QBSA). Statistics between 1 December 2013 and 30 June 2017 relate to activities of the QBCC. The statistics have been reported together to allow for trend analysis. COMPLIANCE AND ENFORCEMENT The QBCC investigates complaints made by consumers, contractors and other industry participants in order to support a fair playing field for Queensland licensees by identifying and penalising unlawful operations. The QBCC also carries out proactive audits and investigations to detect unlicensed contracting and other breaches of legislative requirements. Licensing audits To ensure a level playing field, the QBCC utilises its Licensing Audit Program to target unlicensed contracting, with the aim to rid the industry of unscrupulous operators and to penalise unlawful operations.
QBCC_Annual_Report_-2016-17.docx