Deed of Covenant & Assurance (QBCC).

Also known as a ‘Schedule B – Statement by Covenantor’s Solicitor‘ or simply a legal advice certificate, they provide certification that a person has obtained legal advice about the risks and obligations associated with being a covenantor to a company licensed by the Queensland Building and Construction Commission (QBCC).

A Deed of Covenant & Assurance is required by the QBCC when a licensee company is unable meet the minimum financial requirements to obtain a QBCC licence.  Usually, the Deed is given by the licensee company’s Director (or multiple Directors) and is, in essence, to provide financial backing to licensee company up to a ‘defined amount’ which is determined by certain criteria set out by the QBCC.

Ready to Book.

We have a quick and easy online booking portal for you to provide all of your relevant information to us and upload your documents.

The Process

Deed of Covenant & Assurance (QBCC).

Document

1. Get your Documents

Your accountant will have already prepared the financial documents required to support your application to the QBCC and have determined the ‘defined amount’ needed to meet the minimum financial requirements. Your accountant will also prepare, for you as the covenantor, a personal statement of financial position. Once you have all those documents you need to read them yourself carefully, and ensure they are correct. They should consist of;
1. A Minimum Financial Requirements Report.
2. A Covenantor's Statement of Financial Position.
3. A draft Deed of Covenant & Assurance.

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2. Contact Us

Contact us using our Online Booking Request. We will arrange an appointment which normally takes around 30 minutes and must be attended by you, personally.

Signing

3. We provide your Statement

After receiving our advice we’ll provide you with signed ‘Statement by Covenantor’s Solicitors and also witness you signing the Deed.

Fixed Price Service

So What does it all Cost?

The Queensland Building & Construction Commission is the regulatory body that deals with and holds the Deed of Covenant & Assurance.

You can find more information on the Deed of Covenant & Assurance requirements on the QBCC website

We offer a fixed price service for the provision of the legal advice, completing the Solicitor’s statement, and witnessing the deed being signed by you.

  • A Single Covenantor $395.00

    A fixed fee, inclusive of G.S.T for reviewing your documentation, providing the necessary legal advice to you in person and providing the completed deed.

  • Two Covenantors $495.00

    A fixed fee, inclusive of G.S.T for reviewing your documentation, providing the necessary legal advice to each covenantor separately, in person, and providing the completed deed.

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