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Trust-account audits · Victoria

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

Victorian estate agents' trust accounts are audited for the year ended 30 June, with the report lodged through Consumer Affairs Victoria's myCAV system by 30 September. We run the whole engagement online, on a fixed fee.

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.

Victoria 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 Consumer Affairs Victoria [[verify]]
Legislation Estate Agents Act 1980
Audit period Year ended 30 June [[verify]]
Report due 30 September (within three months of year end) [[verify]]
Lodgement Audit report lodged through the myCAV online portal [[verify]]
If missed Late or missing audits can trigger disciplinary action and put the licence at risk

Victoria’s regime runs on the financial year: trust money held under the Estate Agents Act is audited for the year ended 30 June, and the report must be lodged through myCAV within three months — in practice, by 30 September. Agents who hold no trust money during the year may instead need to lodge a statutory declaration; we confirm which side of that line you sit on before any work starts.

The audit itself is fully online. Console, PropertyMe, VaultRE and the other common platforms export everything we test — receipts and disbursements, month-end three-way reconciliations, and the handling of any overdrawn or dormant ledgers. You get the signed report, the myCAV lodgement and a short management letter that tells your property managers what to tighten before next year.

How it works online

Step 01

Book your audit

Fixed fee per trust account, diarised against the myCAV deadline.

Step 02

Send records online

Ledgers, reconciliations and statements exported from your trust software.

Step 03

We test & query

Testing under ASAE 3000/3100 with a single batched query round.

Step 04

Lodge via myCAV

The audit report is lodged through myCAV within the statutory window, copy to your file.

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 Victoria trust account audit due?

The audit covers the year ended 30 june and the report is due by 30 September (within three months of year end). 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 Victoria?

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 Estate Agents Act 1980. If you held no trust money, ask us whether a declaration can be lodged instead of an audit.

How is the audit report lodged?

Audit report lodged through the myCAV online portal. 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.