Premium: Qbcc Insurance

The is a mandatory payment made to the Queensland Building and Construction Commission to provide home warranty insurance for residential construction projects valued over $3,300. This premium is a fundamental part of the Queensland Home Warranty Scheme, designed to protect homeowners against financial loss from incomplete or defective building work. Who Pays the QBCC Insurance Premium?

| Annual Turnover (AUD) | Minimum Premium (2023) | Additional per $1k > minimum | Effective rate | |----------------------|-----------------------|-------------------------------|----------------| | Under $200,000 | $240 | N/A | Flat fee | | $200k – $600k | $240 + $0.85 per $1k over $200k | 0.085% | 0.09–0.11% | | $600k – $1.2M | $580 + $0.80 per $1k over $600k | 0.080% | 0.09–0.10% | | > $5M | Custom rating based on risk | 0.06–0.12% | Variable | qbcc insurance premium