Consumer Protection provides information to assist auditors in fulfilling their requirements under the Real Estate and Business Agents Act 1978.
Templates
Use the above templates/formats for the current audit period.
What do I need to complete a statement
provide all details of :
- licensed agent name
- all trust accounts held
- negotiable or bearer securities or deposit receipts held
Examples
Licensed agent name (examples)
- Sole trader: Mary Smith T/A XYZ Real Estate
- Partnership: Mary Smith and Bill Jones T/A XYZ Real Estate
- Corporate body: ABC Pty Ltd T/A XYZ Real Estate
- Sole trader: Mary Smith T/A XYZ Settlements
- Partnership: Mary Smith and Bill Jones T/A XYZ Settlements
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Corporate body: ABC Pty Ltd T/A XYZ Settlements
Trust accounts
- provide details of the name/s, account/s number/s and financial institution name and branch name where the trust account/s is, or are, maintained. (This reporting requirement applies to general trust accounts, tenancy bond trust accounts and clients’ separate interest bearing trust accounts.)
- the reconciled balance held in each trust account as at the audit date.
Types of trust accounts
- General trust accounts
- Tenancy bond trust account
- Separate Interest bearing trust account
- Strata title management trust account
- Variable outgoing account
Securities
- provide details of negotiable or bearer securities or deposit receipts held
Further information
For further information and additional forms refer to the Auditing real estate agents - forms and publications page