Consumer Protection provides information to assist auditors in fulfilling their requirements under the Real Estate and Business Agents Act 1978.

Templates

Use the above templates/formats for the current audit period.

What do I need to complete a statement

provide all details of :

• licensed agent name
• all trust accounts held
• negotiable or bearer securities or deposit receipts held

Examples

Licensed agent name (examples)

• Sole trader: Mary Smith T/A XYZ Real Estate
• Partnership: Mary Smith and Bill Jones T/A XYZ Real Estate
• Corporate body: ABC Pty Ltd T/A XYZ Real Estate
• Sole trader: Mary Smith T/A XYZ Settlements
• ​Partnership: Mary Smith and Bill Jones T/A XYZ Settlements

• Corporate body: ABC Pty Ltd T/A XYZ Settlements

Trust accounts 

• provide details of the name/s, account/s number/s and financial institution name and branch name where the trust account/s is, or are, maintained. (This reporting requirement applies to general trust accounts, tenancy bond trust accounts and clients’ separate interest bearing trust accounts.)
• the reconciled balance held in each trust account as at the audit date.

Types of trust accounts

• General trust accounts
• Tenancy bond trust account
• Separate Interest bearing trust account
• Strata title management trust account
• Variable outgoing account​

Securities

• provide details of negotiable or bearer securities or deposit receipts held

Further information 

For further information and additional forms refer to the Auditing real estate agents - forms and publications page