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.
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