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Trust Account
External Examination

At Graphite Business Advisers, we are qualified external examiners dedicated to ensuring compliance and accuracy in trust account management for law practices and approved barristers’ clerks.

We Are Qualified In

  • Queensland

  • Victoria

  • New South Wales

  • Australian Capital Territory

2

Our Qualifications

  • We are qualified under the provisions of sections 155 - 156 of the Legal Profession Uniform Law (Victoria) and Rule 65 of the Legal Profession Uniform General Rules 2015.

  • We have completed the Legal Services Council-approved External Examiners Trust Course conducted by the Law Institute of Victoria or NSW Law Society, as part of our qualification requirements.

  • We are also members of an approved accounting body and are approved external examiners by the Victoria Legal Services Board and Commissioner.

3

Our Role

We provide independent and thorough examinations of:

  • Trust Money Transactions – Ensuring all trust account procedures comply with legal requirements.

  • Trust Records & Compliance – Reviewing records to confirm they meet the Legal Profession Uniform Law (Victoria) and Legal Profession Uniform General Rules 2015.

  • Risk Management – Identifying potential risks and ensuring best practices in trust money handling.

4

Key Compliance Deadlines

Key Compliance Deadlines

  • Annual External Examination Reports – Due by 31 May each year for the examination period of 1 April - 31 March.

5

Why Choose Us?

  • Specialised in trust account management since 2010

  • Expertise in Legal Profession Uniform Law and Legal Profession Uniform General Rules 2015

  • Detailed and objective assessments

  • Helping law practices maintain transparency and trust

6

Our Charges

  • We charge $1,250 + GST for each annual trust examination.

240 Huntingdale Road, HUNTINGDALE  VIC 3166

PO BOX 1350 CAMBERWELL VIC 3124

(03) 9510 5005 /  1300 82 84 86

*We reserve the right to change pricing in the following cases:

1. On discovery of fraud, or

2. When an agency utilising a single trust account with more than 100 sale transactions and/or 300 properties under management.

Copyright © 2024 Graphite Business Advisers Australia

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