| 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:
As a conveyancer, 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.
Conveyancers who maintain trust accounts to deposit money received from clients need to complete an audit.
If a trust account is open and contains funds at any time during the specified audit period, the account must be audited and the audit documents submitted to the Commissioner for Consumer Affairs.
You must arrange for accounts and records to be audited on an annual basis
Visit Audit check list for more information
Visit the Conveyancers Regulations 2010 for more information