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Trust-account audits · Tasmania

Tasmania real estate trust account audit — deadlines and how to prepare

Tasmanian property agents are audited for the year ended 30 June, with the auditor's report going to the Property Agents Board by 30 September. Fixed fee, fully online, no site visit.

Auditor independence We do not audit funds or trust accounts for which BRS Advisory prepares the financial records. Our audit services are provided independently, in accordance with APES 110.

Tasmania at a glance

Requirements below are maintained against the regulator’s published rules — items marked [[verify]] are confirmed with the regulator before each audit season and in your engagement letter.

Regulator Property Agents Board of Tasmania [[verify]]
Legislation Property Agents and Land Transactions Act 2016
Audit period Year ended 30 June [[verify]]
Report due 30 September [[verify]]
Lodgement Auditor's report lodged with the Property Agents Board [[verify]]
If missed Non-compliance can trigger Board disciplinary action against the licence

Tasmania’s audit cycle follows the financial year: trust accounts held under the Property Agents and Land Transactions Act are audited to 30 June and the report reaches the Property Agents Board by 30 September. Sales, property management and strata trust money all fall inside the scope.

Distance is irrelevant to the way we work — Hobart, Launceston or the north-west coast, the audit is the same online engagement: records exported from your trust platform, statutory testing, one batched query round, then the signed report and a management letter that tells your team exactly what to tighten. Multi-office groups get every account audited in one pass on a per-account fixed fee.

How it works online

Step 01

Book your audit

Fixed fee per trust account, booked against the Board's deadline.

Step 02

Send records online

Ledgers, reconciliations and statements for the year to 30 June.

Step 03

We test & query

Testing under the Property Agents and Land Transactions Act, one query round.

Step 04

Report & lodge

Signed report provided to the Property Agents Board, copy and management letter to you.

Pricing

What you pay

Fixed fees from our published price list — each links straight into online sign-up with the product pre-selected. Full list on the pricing page .

Product Included Price (ex GST) Action
Trust-account audit — real estate / conveyancer (per account) $649/account Start online →
Trust-account audit — law practice (per account) $890/account Start online →

Prices ex GST, current at [[month year]], for standard-complexity work; a fixed quote is confirmed before we start.

Questions, answered

When is the Tasmania trust account audit due?

The audit covers the year ended 30 june and the report is due by 30 September. We diarise your dates at booking and confirm them in the engagement letter against the regulator's current requirements.

Who must have a trust account audited in Tasmania?

Licensees who held trust money during the audit period — real estate agents, property managers and, depending on licence type, conveyancers and settlement agents — under the Property Agents and Land Transactions Act 2016. If you held no trust money, ask us whether a declaration can be lodged instead of an audit.

How is the audit report lodged?

Auditor's report lodged with the Property Agents Board. You receive the signed report and a management letter through the portal, and we keep the lodgement evidence on file with it.

What does the audit cost?

A real estate or conveyancing trust account audit is $649/account ex GST; law-practice external examinations are $890/account ex GST. Additional accounts under the same licence are priced per account, fixed before we start.

Do you need to visit our office?

No. Records export from your trust software to the portal, testing and queries happen remotely, and the report is lodged electronically. The whole engagement typically takes 5–10 business days from complete records.

Ready when you are

Start online in three minutes.

Answer a few questions, see your fixed fee, and book your first video call. No appointment, no obligation.