Over 80 years ago, just after the 1st World War, the Queensland Timber Stabilisation Board commenced providing a credit information service to its members, all of whom were involved in the timber industry.

As time passed suppliers of products other than timber were offered membership, and by the early 1960's the Queensland Timber Stabilisation Board had obtained legal advice from its solicitors, Lippiatt & Co, that its committee-managed "offshoot", The Building Industry Credit Bureau, should be converted into a corporate body.

In June 1962, Building Industry Credit Bureau Limited was incorporated under the provisions of "The Companies Acts 1931 to 1960" as a public company, whose members' liability is limited by guarantee to $2. At the time of incorporation, because it is a not-for-profit organisation, the company was granted a dispensation from using the word "Limited".