Queensland Real Estate Trust Account Audits

In Queensland, estate agents must establish and maintain a trust account that complies the Agents Financial Administration Act 2014 and the Agents Financial Administration Regulation 2014.

About our Auditing Service

We are qualified estate agent trust account auditors and can provide independent assurance on the operation of your trust accounts. Our professional teams provide their auditing service in a timely and effective manner allowing your agency to fully comply with Queensland regulations without unnecessary hindrance to your staff. Our experienced audit teams will:

Review your practices and procedures.

Identify potential issues with your trust account.

Provide you with the necessary assurance report.

Our Fixed Fee

Our audit fee is fixed at $700 per trust account*; Utilising best practice approach and with our experience in auditing trust account, we are able to employ the most efficient procedure with the value added services to achieve savings to your agency. Our price includes one yearend on site audit and two unannounced visits as required by QLD legislation.

The audit of your trust account is regulated by Office of Fair Trading, Queensland and the due dates are as follows:

Month of licence issued Audit period (dd/mm) Audit report due by end
January 01/10 – 30/09 31 January
February 01/11 – 31/10 28 or 29 February
March 01/12 – 30/11 31 March
April 01/01 – 31/12 30 April
May 01/02 – 31/01 31 May
June 01/03 – 28/02 30 June
July 01/04 – 31/03 31 July
August 01/05 – 30/04 31 August
September 01/06 – 31/05 30 September
October 01/07 – 30/06 31 October
November 01/08 – 31/07 30 November
December 01/09 – 31/08 31 December

Visit Office of Fair Trading QLD for more info.

* We reserve the rights 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.

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