The show cause notices have reportedly been targeted at construction companies that have failed to lodge annual financial reports to the QBCC, breaching laws introduced by the Housing and Public Works Minister at the start of this year. Harsher reporting requirements aim to provide greater transparency for QBCC to identify and manage any potential corporate insolvency.
Those notices come at a time where QBCC have also identified safety as a priority area for compliance activities. While the QBCC have no powers under the relevant safety legislation to take any enforcement action, it is imposing conditions on licensees aimed at ensuring the safety of workers on and members of the public near building sites.
We expect a sustained increase in compliance activities by the QBCC, consistent with its Compliance and Enforcement Strategy.
If you require assistance with any of your QBCC compliance obligations or would simply like to discuss your position on a confidential basis, please do not hesitate to contact Matthew Smith or Damian Hegarty.
