02/06/2026
As a licensee, it is important to ensure you don't request more than the maximum amount for a deposit.
Under Queensland law, the maximum deposit you can request from a customer is tied to the contract value:
➡️Contracts valued $3,300 or less - up to 20% of the contract price
➡️Contracts valued between $3,301 and $19,999 - 10% of the contract price
➡️Contract valued more than $20,000 - 5% of the contract price.
Getting deposits and progress claims right protects your client, supports your home warranty cover obligations, and keeps you on the right side of compliance.
Check out the link in the comments for more information 🔗