Real Estate Agent Trust Account Audit in Victoria
💲 From $599 + GST See pricing
Independent, CAV-compliant trust account audits for Victorian estate agents and agencies. UV TAX's IPA-registered practising accountants audit your trust accounts for the 1 July – 30 June period, prepare the approved Auditor's Report, and help you lodge on time in myCAV.
✓ Free consultation✓ Fixed-fee quote, no surprises✓ Remote audits across Victoria
Who needs a trust account audit in Victoria?
Under the Estate Agents Act 1980 (Vic), every licensed estate agent that held or managed trust money during the year must have their trust accounts audited annually by an approved auditor. This includes sales agencies, property management (rent roll) businesses, commercial agencies and business brokers holding deposits, rent or bond money on behalf of clients.
If your trust account was not used at all during the audit period, you don't need an audit — but you must still confirm this in your myCAV account.
Victorian trust audit deadlines at a glance
| Requirement | What Consumer Affairs Victoria requires |
|---|---|
| Audit period | 1 July to 30 June (unless CAV has approved a varied audit date) |
| Audit completion | Within 3 months after 30 June — i.e. by 30 September |
| Lodgement | Lodge the unaltered audit report via myCAV within 10 business days of receiving it from the auditor |
| Record keeping | Keep a copy of the signed audit report for 7 years |
| Agency ceases trading | Notify CAV within 28 days and have trust accounts audited within 3 months |
| Late or missing lodgement | Penalties of up to 120 penalty units; the BLA may suspend your licence |
Our Victorian trust account audit service
Approved auditor
Audits signed by a practising public accountant and member of the Institute of Public Accountants, meeting the independence rules under section 66 of the Act.
CAV-approved report
We complete the current Auditor's Report on Estate Agent's Trust Account(s) form so it is ready to lodge in myCAV without rework.
Reconciliation review
Monthly three-way reconciliations, trust ledgers, receipts, disbursements and bank statements tested for accuracy and compliance.
Software friendly
We work with PropertyMe, Console Cloud, REST, PropertyTree, Ailo and other common trust accounting platforms.
Final audits
Closing or selling your agency or rent roll? We complete final trust audits within the 3-month window.
Plain-English findings
Clear management letters explaining any issues and practical steps to fix them before they become a CAV problem.
What we check during the audit
- Monthly trust account reconciliations (cash book, bank statement and trust ledger balances)
- Receipting and banking of trust money, including deposits, rent and bonds
- Authorised disbursements and commission or fee withdrawals
- Overdrawn or debit-balance ledgers and unclaimed or aged trust money
- Trust money statement as at the last day of the audit period
- Records kept in a way that allows a proper and convenient audit
- Any matter the auditor must report to CAV, such as deficiencies or breaches of the Act
How it works
Free consultation
Call 0466 268 405. We discuss your agency, number of trust accounts and software.
Fixed quote
You receive a free, fixed-fee quote up front — no hourly billing surprises.
Audit fieldwork
Securely share reports and statements. Most work is done remotely with minimal disruption.
Report & lodgement
We sign and deliver your report promptly so you can lodge in myCAV within 10 business days.
Book a free consultation & get a free fixed quote
Don't leave your Victorian 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 estate agents in Victoria?
The standard audit period is 1 July to 30 June, and the audit must be completed within 3 months after 30 June (by 30 September). You then have 10 business days from receiving the auditor's report to lodge it through myCAV.
Who can audit an estate agent's trust account in Victoria?
An approved auditor must be a practising public accountant who is a member of CPA Australia, the Institute of Public Accountants or Chartered Accountants ANZ, and must be independent of the agency — for example, not an estate agent, employee, partner or director of the agency.
What if my trust account wasn't used during the year?
If the trust account held no trust money at any time during the audit period, an audit isn't required, but you must still confirm this in myCAV.
Can I change my audit date from 30 June?
Yes. You can apply to Consumer Affairs Victoria to vary the audit date. The new date can't be more than 12 months after the previous report, and the audit must be completed within 3 months of the new year-end.
How much does a trust account audit cost?
It depends on the number of trust accounts, transaction volume and the condition of your records. Call 0466 268 405 for a free consultation and we'll give you a free fixed-fee quote before any work starts.
Related services
Information on this page is general in nature and based on Consumer Affairs Victoria guidance and the Estate Agents Act 1980 (Vic) as at November 2026. Requirements can change — always confirm your obligations with Consumer Affairs Victoria or speak with us.