Victoria Trust Account Audit Date Variation
Victoria's process is an audit-date variation, not a simple deadline extension. Consumer Affairs Victoria allows estate agents to apply to vary the annual audit date from 30 June, with limits on the new date and continued lodgement obligations.
Process
Date variation
Victoria uses an application to vary the annual audit date, not a blanket extension of late lodgement.
New date limit
12 months
The new audit date cannot be more than 12 months after the previous auditor's report.
myCAV
10 days
The agent lodges the audit report in myCAV within 10 business days after receiving it.
Variation, not a normal extension
Consumer Affairs Victoria provides a process to vary the annual audit date from 30 June. This should not be described as a general late-lodgement extension. It changes the audit year-end if approved and carries conditions for timing and lodgement.
- Application to vary annual audit date
- Do not frame it as a simple extension
- New date cannot exceed 12 months after the previous report
- Audit/report must be completed within 3 months after the new year-end
myCAV lodgement still matters
Victorian estate agents must lodge a copy of the audit report in myCAV within 10 business days of receiving it from the auditor. The audit-date variation process does not remove this lodgement obligation.
- Agent lodges the report copy in myCAV
- 10-business-day window after receiving the report
- Failure to lodge may be an offence
- Penalty can be up to 120 penalty units
What to prepare before applying
Before relying on a date variation, gather the previous auditor's report date, the proposed new audit date, the reason for variation, current trust records and any timing information needed by the auditor.
- Previous auditor's report date
- Proposed new audit year-end
- Reason for the variation
- Current trust account records
How AuditsPro can help
AuditsPro can help confirm the audit period, prepare the document request, review record readiness and complete the trust account audit process once the applicable audit year-end and lodgement pathway are clear.
- Confirm audit period and scope
- Prepare document checklist
- Review record completeness
- Support timely report delivery
Frequently asked questions
Does Victoria allow trust account audit extensions?
Victoria provides an application to vary the annual audit date. It should be described as a date variation, not a simple late-lodgement extension.
How long after the new audit date must the report be completed?
If the variation is approved, the trust account audit and auditor's report must be completed within 3 months after the new audit year-end date.
Does the myCAV 10-business-day lodgement rule still apply?
Yes. The estate agent must lodge the audit report in myCAV within 10 business days after receiving it from the auditor.
Related trust account audit resources
Deadline Extension Guide
Compare extension and variation options across Australian states.
Trust Account Audit Deadlines
National deadline comparison for real estate trust account audits.
Audit Period vs Audit Deadline
Understand the difference between the records period and the lodgement deadline.
Trust Account Audit Checklist
Prepare bank statements, reconciliations, ledgers and supporting records.
Ready to Start Your Trust Account Audit?
the right document checklist before audit work begins.
Trust account audit
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