Unclaimed trust money reporting requirements

>In January each year, licensees must report to NSW Fair Trading the details of any money which has been held in a trust account for more than 2 years and has not been claimed. New unclaimed trust money forms are now available on the NSW Fair Trading website.

To access the new unclaimed trust money forms under the Property, Stock and Business Agents Act 2002 go to the Unclaimed trust money page.

To access the new unclaimed trust money forms under the Conveyancers Licensing Act 2003 go to the Unclaimed trust money – Conveyancers page.

Sourced from Property Industry News

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