trust account audits

New Requirements For General Trust Accounts – Property Agents

New UIN registration requirements Property agents’ responsibilities have changed. Under the Property, Stock and Business Agents Regulation 2014 (NSW), all property agents looking after general trust accounts are required to obtain a Unique Identifying Number. You must provide this UIN to the authorised deposit-taking institution (bank) to open the account. New general trust accounts From 1 […]

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Trust account audit laws have changed. Make sure you are compliant. Call accountants and registered auditors W Wen and Co (02) 9871 3429 - image

Changes To Trust Accounts Audits

Recent amendments to trust account audits Amendments to the Property, Stock and Business Agents Act 2002, which commenced on 1 July 2013, change the way licensees will fulfill their responsibilities in relation to the auditing of trust accounts. New framework for trust account audits from 1 July 2013 The amendments provide a new framework for how licensees

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