Professional Trust Account Audits for New South Wales Licensed Conveyancers
- State Requirements: Prepared with reference to NSW Fair Trading requirements and Conveyancers Licensing Act 2003.
- Transparent Pricing: Fixed fee from $549 + GST with no hidden costs.
- Turnaround: Typical 5-10 business day completion for New South Wales audits once documents are received.
New South Wales Conveyancer Trust Account Audit
Comprehensive guide to New South Wales conveyancer trust account audit requirements, deadlines, and compliance obligations under the Conveyancers Licensing Act 2003.
Audit Period
1 July to 30 June
Due Date
30 September
Starting Price
$549 + GST
Who Must Have Trust Accounts Audited?
The following conveyancers must have their trust accounts audited if they received or held trust money during the financial year ending 30 June:
Important Note
Trust money must be held in a designated trust account at an authorised deposit-taking institution in NSW. The account name must include the words 'Trust Account'.
Audit Deadlines & Submission
Audit Period
1 July to 30 June
Submission Deadline
30 September
Submission Method
Auditor's Report Online Portal
Submitted By
The auditor must lodge all audit results with Fair Trading
Critical Deadline Information
• Audits must be submitted within 3 months after the end of the financial year (by 30 September)
• Online submission through Fair Trading portal is mandatory
• Auditor must be independent of the licensee's business
• Trust account name must include 'Trust Account' and licensee/corporation name
• Unique Identifying Number (UID) must be registered for each trust account
Qualified Auditors
Trust account audits must be conducted by qualified professionals who meet the following criteria:
Auditor Independence
The auditor must not be a licensee or an employee of the licensee, nor a partner of the licensee. They must be independent and qualified under the Act.
Non-Compliance Consequences
If a trust account audit is not submitted by the due date, the following consequences may apply:
No Trust Money Held?
If a licensed conveyancer did not receive or hold any trust money during the financial year ended 30 June, they must lodge a declaration stating that fact (Nil Return) within the same deadline.
What's Included in Your
Conveyancer Audit
Our comprehensive audit service covers all aspects of conveyancing trust account compliance. From state regulatory requirements to state-specific regulations, we ensure your practice meets all professional audit standards across Australia.
Trust Account Requirements Review
Review against state regulatory requirements
Complete examination of trust account records, transactions, and statutory registers with reference to applicable National Conveyancing Laws and state trust account requirements.
Regulatory Requirements Check
State-specific compliance verification
Verification of compliance with state-specific conveyancing regulations, including NSW Fair Trading, Consumer Affairs Victoria, and other jurisdictional requirements.
View state compliance detailsStatutory Register Audit
Comprehensive register review
Detailed review of trust ledgers, receipts, payments, and all required statutory registers as mandated by state regulatory authorities and state regulatory bodies.
Bank Reconciliation Verification
Monthly reconciliation checks
Monthly bank reconciliation checks, verification of trust account balances, and confirmation of proper segregation of client funds.
Comprehensive Audit Report
Report prepared for state authority requirements
Professional audit report prepared with the information commonly needed for state authority submission, including the auditor's opinion, findings, and recommendations for improvement if necessary.
Ongoing Support & Consultation
Prompt replies from our audit team
Prompt replies to new queries, plus year-round support and guidance on trust account management best practices and state reporting requirements.
Additional Conveyancing Services
Beyond the core audit, we provide specialized features designed for conveyancing practices and settlement management businesses.
5-10 Day Turnaround
Fast audit completion specifically designed for conveyancing workflows and settlement deadlines.
Secure Conveyancing Portal
Bank-grade encryption for all your sensitive trust account and client settlement documents.
Digital Conveyancing Records
All audit records stored securely with settlement-specific categorization and easy access.
Trust Account Trend Analysis
Year-over-year compliance tracking across your conveyancing trust accounts and settlements.
Conveyancing Document Checklist
Comprehensive checklist covering trust receipts, settlement statements, and statutory registers.
Pre-Audit Settlement Review
Optional preliminary review of trust accounts to identify potential issues before formal audit.
Multi-Office Conveyancing Support
Coordinated audit services for conveyancing practices with multiple offices and trust accounts.
Trust Account Calculator
Free online calculator to help estimate audit costs for multiple conveyancing trust accounts.
Comprehensive Conveyancing Audit Coverage
Our audit process covers all aspects of conveyancing trust account compliance, from state regulatory requirements to state-specific regulations. We ensure your practice meets all professional standards while providing clear, actionable insights for improved compliance management. We also provide specialized services for real estate agents and solicitors.
Everything You Need for State-Aware Reporting
Fixed pricing • Typical turnaround • Qualified auditors • Prompt replies
New South Wales Conveyancer Audit Requirements
Comprehensive requirements, deadlines, and regulations for licensed conveyancers in New South Wales. Our professional audit services help you prepare annual trust account reporting with the relevant state requirements in mind.
New South Wales (NSW)
NSW Fair Trading Regulation
NSW Fair Trading
$549 + GST
Per trust account audit
Within 3 months of financial year end
30 September (Audit Period 1 July - 30 June)
Conveyancers Licensing Act 2003
Part 5 (Trust Money)
Key Requirements (7)
Note: Annual audits mandatory for all licensed conveyancers holding trust accounts. Nil returns required if no trust money held.
Conveyancer Trust Account Audits
Professional trust account audits with transparent, fixed pricing. Select your state to see your exact cost. We also provide specialized services for solicitors and real estate agents.
Prompt replies • Fixed pricing • No hidden fees
Questions about pricing?
Get a custom quote for your conveyancing practice or speak with our audit specialists.
Your Conveyancing Audit Journey
From initial enquiry to trust account audit reporting in 5-10 business daysonce documents are received. Explore our streamlined conveyancing audit process - click any step for details.
Book Online
Request your audit through our secure online portal. Verify your email and complete quick profile setup.
- Email verification
- Quick profile setup
- Instant confirmation
Business Details
Enter your ABN or search by business name. We auto-populate your company details from the Australian Business Register.
- ABN lookup
- Auto-fill details
- Multi-account support
Trust Account Setup
Add your trust account details including BSB, account numbers, and state-specific compliance information.
- Secure data entry
- State compliance checks
- Guided checklist
Review & Submit
Review your information, see transparent pricing, and submit. Download your comprehensive audit report within 5-10 business days.
- Fixed pricing preview
- Secure submission
- Report download portal
What You'll Need to Get Started
Ready to Start Your Conveyancing Audit?
Work with a team that supports Australian conveyancing professionals through annual trust account reporting. Whether you need real estate audits, conveyancer services, or legal profession audits - get your trust account audit underway with clear pricing and state-aware reporting.
Conveyancer Trust Account Audit FAQs
Get answers to the most common questions about conveyancer trust account audits, state authority compliance, and the audit process. Based on real-world queries from Australian conveyancing professionals.
Still Have Questions?
Can’t find the answer you’re looking for? Our team can help you understand your conveyancing audit requirements. We also provide specialized audit services for solicitors and real estate agents.
Get Your Conveyancing Audit Started
Ready to prepare for your annual trust account audit? Our conveyancing-focused team can help you understand the requirements, documents, and next steps.
Start Your Conveyancing Audit
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Why Choose Our Conveyancing Audit Services
Ready to Start Your Conveyancing Audit?
Our conveyancing audit team can help you understand the requirements, documents, and next steps for your annual trust account audit.
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