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Trust Account Troubles? NSW Fair Trading’s Latest Crackdown Shows Why You Need Help

2025-09-18T14:18:36+10:00

Trust Account Troubles? NSW Fair Trading's Latest Crackdown Shows Why You Need Help Are you losing sleep over Trust Account compliance? You're not alone. NSW Fair Trading's latest enforcement update shows just how seriously they're taking Trust Account violations – and the numbers are eye-opening. The Reality Check: $114,970 in Penalties Between January and June 2025, NSW Fair Trading didn't ... read more >>

Trust Account Troubles? NSW Fair Trading’s Latest Crackdown Shows Why You Need Help2025-09-18T14:18:36+10:00

NSW Reforms & Property Management Compliance

2020-02-18T23:55:09+10:00

There are certain components of the upcoming Licensing Reforms (23rd March reminder!) that specifically concern Property Managers and Property Manager compliance. As a quick summary, these points are: Current License holders will transition to Class 2 License holders Certificate of Registration holders will transition to Assistant Agents If you’re currently approving EOM payments, you will not be able to do ... read more >>

NSW Reforms & Property Management Compliance2020-02-18T23:55:09+10:00

NSW Licensing Reforms & Trust Accounting Compliance

2020-02-14T01:26:10+10:00

As you are all very hopefully aware the 2020 NSW licensing reforms come into effect on 23rd March this year. Here we summarise the changes that are coming your way, what you need to do to prepare and how it will affect you. The 2020 NSW Licensing Reforms in Brief What Has Changed? There is now a requirement to have ... read more >>

NSW Licensing Reforms & Trust Accounting Compliance2020-02-14T01:26:10+10:00

Responding to Fair Trading Over a Trust Breach

2019-11-26T00:05:27+10:00

Trust Breach. Fair Trading. Two simple phrases that are enough to send most agents into a panicked frenzy. Yet, similarly, like calls from the ATO, there is a rhyme and reason. Fair Trading has the purpose to ensure that agents are doing the right thing. That members of the public are not being disadvantaged financially as a result of a ... read more >>

Responding to Fair Trading Over a Trust Breach2019-11-26T00:05:27+10:00

How to Avoid Making Rookie Trust Accounting Errors

2019-09-27T01:37:50+10:00

We understand people make mistakes, especially in business. Let's say it is all part of the learning curve. However, when we see the same mistakes occur day in, day out, then we think we need to do something about it. There is no doubt there are common errors agencies make within their trust accounts on a daily basis. Through our ... read more >>

How to Avoid Making Rookie Trust Accounting Errors2019-09-27T01:37:50+10:00

When Mum is Always Right

2019-05-24T05:40:31+10:00

How My Mums Advice Is Scarily Applicable to Trust Accounting May is the month for Mums. So in light all things mothers, we thought we’d ask our staff what annoying things their Mums used to say when they were growing up. Susan was quick to respond with ‘Don’t pull faces or the wind will change’. Well we guess she took ... read more >>

When Mum is Always Right2019-05-24T05:40:31+10:00

New Management Checklist for Cloud-Based Software

2019-04-30T03:19:48+10:00

In our previous blog, we discussed the beauty of checklists and how they can save us from making a mountain mistake out of a molehill. The creation of a simple checklist can quickly and efficiently take your agency from one that makes countless small errors to one that runs seamlessly. So at this point you have your agency checklists in ... read more >>

New Management Checklist for Cloud-Based Software2019-04-30T03:19:48+10:00

Pre-End of Month Checklist for Your Cloud-Based Software

2019-04-30T03:20:11+10:00

Last month we attended the EAC seminar where we heard numerous stories about complaints made to Fair Trading. Interestingly, of all the agencies that were visited by Fair Trading could have been avoided. How? With the use of internal processes and checklists. Yep, it's that simple. With the Easter holidays upon us, Licensees may be looking to take a well-deserved ... read more >>

Pre-End of Month Checklist for Your Cloud-Based Software2019-04-30T03:20:11+10:00

3 Red Flags Post NSW Licensing Reforms

2019-03-28T06:24:45+10:00

If you are a regular reader of our blogs (like we know you all are!) you would have heard us banging on on over the last year (and the year before that) about the upcoming NSW licensing reforms for the Real Estate Industry. In case you missed it, here is a brief update: 2018 TRUST ACCOUNTING REFORMS – WHAT TO ... read more >>

3 Red Flags Post NSW Licensing Reforms2019-03-28T06:24:45+10:00

New Property Licensing Training Requirements – Prepare for the Changes Ahead

2019-03-28T06:24:49+10:00

Getting to Know the New Industry Qualifications Discussions surrounding the reform of Property Licensing NSW started in 2016. Fast forward to 2018 and we are now looking at the implementation of these reforms, likely to be later this year. Of note is the introduction of three categories of qualifications as opposed to the existing two. Certificate of Registration Licensed Real Estate ... read more >>

New Property Licensing Training Requirements – Prepare for the Changes Ahead2019-03-28T06:24:49+10:00
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