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Banking

What Real Estate Agencies Must Do to Comply with AML/CTF Laws

2026-02-27T09:16:39+10:00

From 1 July 2026, Real Estate professionals will face significant new compliance obligations under updated anti-money laundering and counter-terrorism financing (AML/CTF) legislation. These reforms recognise that property transactions can be used to conceal illicit funds and place responsibility on agencies to actively manage this risk. Why the Changes Matter Real Estate has long been considered a high-risk sector for financial ... read more >>

What Real Estate Agencies Must Do to Comply with AML/CTF Laws2026-02-27T09:16:39+10:00

Monthly Trust Account Checks: What Licensees & Officers in Effective Control Should Review

2026-02-27T09:09:06+10:00

For Licensees and Officers in Effective Control, your Trust Account is one of the most critical areas of responsibility in your business. It is also one of the most closely scrutinised by regulators and auditors. A structured monthly review within your trust accounting software is essential — not only for compliance, but to ensure your agency is actually recovering the fees it has earned. Here are ... read more >>

Monthly Trust Account Checks: What Licensees & Officers in Effective Control Should Review2026-02-27T09:09:06+10:00

Start Prepping for FBT Time

2024-02-22T13:00:21+10:00

Easter is coming! And so it is Fringe Benefits Tax time. (Insert applause). We know. It's not half as exciting, is it? Yet it is all just as important as unwrapping those golden chocolate eggs on Easter Sunday. We'll leave those visions with you but for now, back to FBT. What is Fringe Benefits Tax? Fringe Benefits Tax, known as ... read more >>

Start Prepping for FBT Time2024-02-22T13:00:21+10:00

Same Mistakes!

2023-11-08T12:10:15+10:00

What's that phrase we are taught by our parents as kids? You learn from your mistakes. In some cases, not! We continue to see the same mistakes pop up year after year. So we bring you our top 6 mistakes for 2023. It's just those same mistakes over and over! Top 6 Trust Accounting Mistakes for 2023 Revoking Don't ever ... read more >>

Same Mistakes!2023-11-08T12:10:15+10:00

The Reverse Thing, That Was a Mistake

2023-11-14T12:14:11+10:00

We all know those people who like to eat their ice cream cones from the bottom up. Note to self - do not hang out or be influenced by these people. They are odd. Same goes for your ledgers and banking. Do not do your process in reverse. You'll just end up with ice cream all over your shirt. So ... read more >>

The Reverse Thing, That Was a Mistake2023-11-14T12:14:11+10:00

Best Practice When Dealing with Unpresented Cheques

2023-09-21T13:14:49+10:00

Earlier this month we discussed unpresented payments and how to avoid them. This week we go one step further with best practice when dealing with unpresented cheques. The use of cheques has been declining in Australia and many other countries due to the increasing popularity of online banking. According to 9news.com.au cheques will be completely phased out in Australia by ... read more >>

Best Practice When Dealing with Unpresented Cheques2023-09-21T13:14:49+10:00

Unpresented Payments & How to Avoid Them

2023-09-22T13:06:54+10:00

We all have those things that keep rearing their little heads every month. One being unpresented payments. Do we hear a hell yeah? What is an unpresented payment? An 'unpresented payment' in a Trust Account typically refers to a transaction or payment that has been recorded in the Trust Accounting system but has not yet been presented to the bank ... read more >>

Unpresented Payments & How to Avoid Them2023-09-22T13:06:54+10:00

General Record-Keeping End of Month Reporting Requirements

2023-08-28T14:37:26+10:00

Earlier this month we bought you our Top 5 Trust Account Reporting Requirements for End of Month. Now, it's time to tackle the same for general record-keeping. Monthly reporting requirements queries are some of the most common questions and searches we see in our industry. Even the most seasoned of Agents and Licensees need a refresher sometimes. Ain't no shame ... read more >>

General Record-Keeping End of Month Reporting Requirements2023-08-28T14:37:26+10:00

Trust Account End of Month Reporting Requirements

2023-08-28T15:17:24+10:00

Need a brush-up on your End of Month Trust Accounting reporting requirements? Do not fear we have you covered. Better yet, we have kept it nice and straightforward to summarise our top 5 pointers to ensure you have your Trust Account in working order. These 5 simple and straightforward requirements are all you need to know to complete your End ... read more >>

Trust Account End of Month Reporting Requirements2023-08-28T15:17:24+10:00
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