Annual Audit Requirements – Property, Stock and Business Agents

It is time for all licensees to lodge either a trust account auditor’s report or a statutory declaration. The due date for lodgement is 30 September each year or within 3 months of any audit period applicable.

If you held any money in a trust account during the audit period, you must engage an auditor and lodge an auditor’s report.

If you did not hold or receive any money for or on behalf of any person during the audit period, you must lodge a statutory declaration form.

More information and forms

The auditor’s report / statutory declaration is not being posted to licensees for the financial year ending 30 June 2010.

For more information including the ‘frequently asked questions’ page and to download the forms go to the Trust account audit requirements page of the Fair Trading website. Access by clicking the link:

http://www.fairtrading.nsw.gov.au/Property_agents_and_managers/Agency_responsibilities/Trust_accounts/Trust_account_audit_requirements.html

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