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NSW deadline guide

NSW Trust Account Audit Deadline

NSW real estate trust account audit reports are due no later than 30 September after the audit period ending 30 June. The auditor lodges through NSW Fair Trading's Auditor's Report Online portal after the licensee authorises the auditor.

Audit period

Ends 30 June

NSW Fair Trading refers to the audit period ending 30 June for annual trust account audit reporting.

Final date

30 September

Audits must be submitted within 3 months after the audit period and no later than 30 September.

Lodgement

Auditor portal

The auditor submits through Auditor's Report Online after the licensee authorises the auditor.

What is the NSW trust account audit deadline?

For NSW real estate trust accounts, the annual audit period ends on 30 June and the trust account audit report must be submitted within three months, no later than 30 September. The practical deadline is not just when the auditor finishes fieldwork; it is when the report is submitted through the NSW Fair Trading online process.

  • Audit period ends 30 June
  • Report due no later than 30 September
  • Auditor lodges through Auditor's Report Online
  • Licensee must authorise the auditor before lodgement

Auditor authorisation matters

NSW lodgement depends on the licensee authorising the auditor. The auditor requests permission to lodge on the licensee's behalf, and the licensee must complete that authorisation before the report can be submitted. Do this early so the final lodgement is not delayed by an administrative step.

  • Appoint the auditor early
  • Complete the authorisation step promptly
  • Provide complete bank statements and reconciliations
  • Resolve auditor queries before September

What happens if the NSW deadline is missed?

NSW Fair Trading states that late or missing lodgement can lead to disqualification, disciplinary action, penalty notices and licence renewal issues. If the 30 September deadline has already passed, the priority is still to complete and lodge the outstanding audit rather than wait.

  • $550 penalty notice risk for an individual
  • $1,100 penalty notice risk for a corporation
  • Licence renewal may be affected until the audit is lodged
  • Prior-year audits can still be submitted for the previous 3 years

What to do now

Send your state, audit period, number of trust accounts, software, deadline and records status to AuditsPro. Start gathering bank statements, monthly reconciliations, client ledger reports, adjustment journals and read-only software access while the engagement is confirmed.

  • Confirm the audit period
  • Upload complete bank statements
  • Prepare monthly reconciliations
  • Arrange read-only software access or exports

Frequently asked questions

When is the NSW trust account audit due?

The NSW real estate trust account audit report is due no later than 30 September after the audit period ending 30 June.

Who lodges the NSW trust account audit report?

The auditor lodges the report through NSW Fair Trading's Auditor's Report Online portal after the licensee authorises the auditor.

Can prior-year NSW audits still be lodged?

NSW Fair Trading allows auditors to submit prior-year audits for the previous three years through the Auditor's Report Online portal.

What should I prepare before contacting an auditor?

Prepare bank statements, monthly reconciliations, client ledgers, adjustment journals, supporting documents and software access or exports for the audit period.

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