Queensland Trust Account Audit
In Queensland, the Queensland Government says that if you receive trust money you must have a trust account, and each trust account must be audited every year by a qualified auditor under the Agents Financial Administration Act 2014. AuditsPro provides fixed-fee Queensland trust account audits online.
Who needs it
Trust money
If you receive trust money you must have a trust account, and it must be audited every year.
Who can audit
Qualified
An auditor with registration under the Corporations Act 2001, or CPA Australia, Chartered Accountants ANZ or IPA membership.
Fixed fee
$749 + GST
AuditsPro Queensland real estate trust account audits, per trust account, confirmed before work begins.
How AuditsPro makes your Queensland audit simple
A Queensland trust account audit does not need to be slow, confusing or full of paperwork. AuditsPro handles it online from end to end, with a fixed fee agreed before any work begins — so you know the cost, the steps and the timing up front.
One quick quote
Send your profession, state, audit period and number of trust accounts. We confirm scope and a fixed fee from $749 + GST before any work begins.
Eligibility handled for you
We confirm the auditor is eligible for Queensland and your profession, so you never have to vet credentials or worry whether the report will be accepted.
Online document collection
Upload your records and trust accounting exports securely through the portal — no paper, no office visit, and a clear list of what is needed.
Clear report, delivered on time
You receive an audit report or statutory declaration aligned with Office of Fair Trading requirements, with a fast turnaround once complete records are in.
Who needs a trust account audit in Queensland?
The Queensland Government says that if you receive trust money you must have a trust account, and each trust account must be audited every year by a qualified auditor. This applies under the Agents Financial Administration Act 2014. If you held a trust account during the previous licence period, an audit report is also required when you renew or restore your licence.
- Receiving trust money requires a trust account
- Each trust account must be audited every year
- Governed by the Agents Financial Administration Act 2014
- An audit report is also required at licence renewal if a trust account was held
Who can audit a Queensland trust account?
The Queensland Government says a qualified auditor must hold one of four credentials: registration under the Corporations Act 2001; membership of CPA Australia (entitled to use CPA or FCPA); membership of the Institute of Chartered Accountants in Australia (entitled to use CA or FCA); or membership of the Institute of Public Accountants (entitled to use MIPA or FIPA). AuditsPro confirms auditor eligibility for your state and profession before the engagement begins.
- Registration under the Corporations Act 2001
- CPA Australia membership (CPA or FCPA)
- Chartered Accountants ANZ membership (CA or FCA)
- Institute of Public Accountants membership (MIPA or FIPA)
What does a Queensland trust account audit cost?
AuditsPro audits Queensland real estate trust accounts online for a fixed fee from $749 + GST per trust account, confirmed before any work begins. The scope depends on how many trust accounts you hold, your transaction volume and how complete your records are, so a fixed-fee proposal is provided once those details are confirmed.
- Fixed fee from $749 + GST per trust account
- Fee confirmed before audit work begins
- Scope depends on accounts, transaction volume and record readiness
- Online document upload — no in-person visit required
Key dates and getting started
In Queensland your audit report or statutory declaration is due four months after the end of your audit period, and the audit period is based on your licence issue month. You must also appoint an auditor within one month of opening a trust account. Confirm your own due date, gather complete records and request a fixed-fee proposal.
- Report due 4 months after the audit period ends
- Audit period based on your licence issue month
- Appoint an auditor within 1 month of opening a trust account
- Prepare bank statements, reconciliations, ledgers and software exports
Frequently asked questions
Who needs a trust account audit in Queensland?
The Queensland Government says that if you receive trust money you must have a trust account, and each trust account must be audited every year by a qualified auditor.
Who can audit a trust account in Queensland?
A qualified auditor must hold registration under the Corporations Act 2001, or membership of CPA Australia, the Institute of Chartered Accountants in Australia, or the Institute of Public Accountants.
How much does a Queensland trust account audit cost?
AuditsPro audits Queensland real estate trust accounts online for a fixed fee from $749 + GST per trust account, confirmed before any work begins.
When is the Queensland trust account audit due?
The audit report or statutory declaration is due four months after the end of your audit period, which is based on your licence issue month.
Related trust account audit resources
QLD Real Estate Trust Account Audit
Fixed-fee Queensland real estate trust account audits handled online.
Queensland Audit Deadline
When the QLD report is due: 4 months after the licence-issue-month audit period.
Late Queensland Lodgement
What happens if the QLD deadline has passed, and how to lodge the outstanding report.
Trust Account Audit Deadlines
Compare audit periods, due dates and lodgement pathways across Australian states.
Ready to Start Your Trust Account Audit?
the right document checklist before audit work begins.
Trust account audit
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