Minimum Financial Requirements - What you need to know
Victoria's new Minimum Financial Requirements (MFR) for home builders took effect on 1 July 2026. The rules set financial thresholds builders must meet to hold a domestic building licence.
What are Victoria's new Minimum Financial Requirements for home builders from July 2026?
Builders in Victoria must now meet new financial standards to keep their licence. Failure to comply could affect their ability to legally trade.
Key takeaways
- Victoria's new Minimum Financial Requirements for home builders started on 1 July 2026.
- The MFR rules set financial thresholds builders must meet to hold a domestic building licence in VIC.
- Builders who don't meet the new requirements risk losing their licence and ability to legally trade.
- Victorian builders should review the MFR rules now to confirm they remain compliant.
Related
Inquiry into the financial and operational performance of TasWater
HIA's Tasmanian Executive Director Benjamin Price addressed the Public Accounts Committee regarding TasWater's financial and operational performance. The statement covers issues relevant to the water utility's impact on the building and construction industry in Tasmania.
Why it matters: Builders and plumbers in Tasmania may be affected by TasWater's performance, including connection delays, infrastructure capacity, and cost impacts on new developments.
Brick supply and allocation update
HIA is working with government and manufacturers on brick supply and allocation issues affecting home building in WA. No specific outcomes or changes have been announced yet.
Why it matters: Builders in WA may face ongoing project delays due to brick shortages. Supply constraints can affect scheduling, contract timelines, and cash flow.
Changes to ACT property developer licensing
The ACT Government has introduced a Bill to amend the Property Developers Act 2024 just before mandatory developer licensing takes effect on 1 October 2026.
Why it matters: Builders and contractors in the ACT working with property developers need to know who holds a valid licence from October 2026, affecting who they can legally work for.