Real Estate Agent Trust Account Audit in NSW
💲 From $599 + GST See pricing
Independent trust account audits for NSW real estate agents, property managers and strata agencies. UV TAX audits your trust records for the year ending 30 June, prepares your auditor’s report and lodges it through NSW Fair Trading’s Auditor’s Report Online portal — well before the 30 September deadline.
✓ Free consultation✓ Fixed-fee quote, no surprises✓ Remote audits across NSW
Who needs a trust account audit in NSW?
Under the Property and Stock Agents Act 2002 (NSW), a licensee who received or held trust money during the audit period must have their trust records audited every year. This applies to licensed corporations, individual licensees, former licensees and the personal representatives of a licensee — including sales agencies, property management businesses and strata managing agents.
If you held a trust account during the year but it had no transactions and a zero balance, NSW Fair Trading requires you to email a copy of the bank statement for the full audit period instead of lodging an audit.
NSW trust audit deadlines at a glance
| Requirement | What NSW Fair Trading requires |
|---|---|
| Audit period | The year ending 30 June |
| Lodgement deadline | Within 3 months after the end of the audit period — no later than 30 September |
| How it’s lodged | Submitted online by the auditor through the Auditor’s Report Online portal, after the licensee authorises the auditor |
| Partnerships | Only one licensee in the partnership needs to lodge the audit |
| Prior years | Outstanding audits for up to the previous 3 years can be submitted through the portal |
| Late or missing audits | Possible disqualification and disciplinary action, fines of $550 (individual) or $1,100 (corporation), and licence renewal may be blocked |
Extensions are only granted in exceptional circumstances, so it pays to engage your auditor early.
Our NSW trust account audit service
Qualified, independent auditor
Audits conducted in line with section 115 of the Act, with the independence NSW Fair Trading requires.
Lodged through the portal
We complete and submit your auditor’s report through Auditor’s Report Online and you receive a copy by email.
Reconciliation review
Monthly reconciliations, trust ledgers, receipts and disbursements tested for accuracy and compliance.
Licensee-in-charge checks
We review withdrawal authorisations, since only the licensee in charge may authorise trust account withdrawals.
Prior-year catch-up
Behind on audits? We can prepare and lodge outstanding audits for previous years.
Plain-English findings
Clear recommendations to fix issues before they become a Fair Trading problem.
What we check during the audit
- Monthly reconciliations of trust bank accounts, cash book and trust ledgers
- Receipting and banking of trust money, including rent, deposits and bonds
- Withdrawals authorised by the licensee in charge
- Trust accounts registered with a unique identifying number (UID) and held at an approved deposit-taking institution
- Account names that include the licensee’s name and the words “Trust Account”
- Money held for more than 2 years that may be unclaimed money
- Any matter that must be reported to NSW Fair Trading
How it works
Free consultation
Call 0466 268 405. We discuss your agency, trust accounts and software.
Fixed quote
Audits from $599 + GST, with a free fixed quote before we start.
Audit fieldwork
Share your reports and statements securely. Most work is done remotely.
Lodged online
We submit your report through Auditor’s Report Online well before 30 September.
Book a free consultation & get a free fixed quote
Don’t leave your NSW trust account audit to the last week of September. Speak with UV TAX today.
0466 268 405Frequently asked questions
When is the trust account audit due for real estate agents in NSW?
The audit period is the year ending 30 June. Your auditor must submit the audit report to NSW Fair Trading within 3 months after the end of the audit period, and no later than 30 September.
Who submits the trust account audit in NSW?
All trust account audits must be completed and submitted online by the auditor through NSW Fair Trading’s Auditor’s Report Online portal. The licensee must authorise the auditor to lodge on their behalf and remains responsible for making sure it is lodged on time.
Who can audit a real estate trust account in NSW?
The auditor must be qualified under section 115 of the Property and Stock Agents Act 2002 — for example a registered company auditor, or a member of a professional accounting body such as the IPA, CPA Australia or CA ANZ who holds a public practice certificate — and must be independent of the agency.
What happens if the audit is lodged late?
Late or missing audits can make a licensee a disqualified person and liable to disciplinary action. NSW Fair Trading can also issue fines (currently $550 for an individual or $1,100 for a corporation), and you may not be able to renew your licence until the audit is lodged.
How much does a NSW trust account audit cost?
Real estate trust account audits start from $599 + GST, depending on the number of trust accounts, transaction volume and the condition of your records. Call 0466 268 405 for a free consultation and a free fixed quote.
Related services
Information on this page is general in nature and based on NSW Fair Trading guidance and the Property and Stock Agents Act 2002 (NSW) as at November 2026. Requirements can change — always confirm your obligations with NSW Fair Trading or speak with us.