| Audit Period: | The Audit Period will end two months prior to the expiration of your registration/licence, unless otherwise approved. |
| E.g: If your registration/licence expires 30 June 2017, the Audit Period will cover 1 May 2016 – 30 April 2017. | |
| Audit Due Date: | 2 months after the audit period |
| Audit Report submitted to: | lodge the audit report by emailing it to [email protected] |
Key information:
You must deposit funds received from clients into a trust account. The account needs to be approved by CBS and be held in a bank, building society or credit union.
Make sure that you:
– keep all records of trust money
– issue detailed receipts
– arrange for accounts and records to be audited every year.
The information above is taken from the following website:
https://www.sa.gov.au/topics/business-and-trade/running-a-business/working-in-real-estate
Visit Audit check list for more information
Visit Land Agents Act 1994 for more information