Dealing with trust accounts in the property industry
Opening and closing trust accounts for the property, motor, auction and debt collector industry
You need a trust account if you collect debts on behalf of someone else. Find out what you need to do to open and deal with your trust account.
Handling trust money in the property industry
Use a trust account to handle money on behalf of someone else. Find out about receiving money, issuing receipts and withdrawing from a trust account.
Operate a special trust account for the sale of a property
You may choose to store money toward a property sale in a special trust account. Find out the rules for opening and dealing with this trust account.
Trust and non-trust money
Trust money is money you handle on behalf of someone else. Find out the difference between trust money and non-trust money.
Determining trust money for resident letting agents
Guidance for RLAs on banking trust and non-trust money.
Trust account audits for the property industry
If you are an agent in the property industry you must appoint an auditor who will inspect and report on your trust accounts. Find out how to lodge their report and when it is due.
Conducting trust account audits under the Agents Financial Administration Act 2014
A licensee is responsible for lodging their own audit report/s, although auditors can lodge audit reports on their behalf. Find out what an auditor must immediately report to us.
Using the RTA’s bulk bond lodgement service
Advice for real estate and letting agents who wish to use the Residential Tenancy Authority’s digital bulk bond lodgement form for paying rental bonds.