QLD Trust Account Training Session

QLD Trust Account Training Session

Join us for an in-person training session on QLD Trust Accounts!

This event is ideal for new trustees who have recently opened their first trust account or those preparing to comply with requirements.

The session will be held at The Precinct - Level 2/315 Brunswick St, Fortitude Valley, so mark your calendars and come ready to learn.

Don't miss out on this opportunity to ensure that you understand the requirements and can keep your business compliant.

Session Topics

1. Trust Account Basics

• Overview of trust accounts: purpose, types, and eligibility.
• Who needs a trust account, project eligibility, contract variations, and compliance timing.

2. Overview of Requirements

• Trustee responsibilities.
• Opening and closing Project Trust Accounts (PTAs).
• Account requirements and fund management.
• Rules for each account, permissible payments, and restrictions.
• Trust record-keeping requirements and notification obligations.

3. Trust Accounting Essentials

• Introduction to trust accounting.
• Requirement for a separate ledger and how to record information.
• How to prepare for a QBCC Audit.
• Monthly reconciliation and trust funds reporting (MFR).

4. Impact of Trust Accounts

• Managing cashflow shortfalls and timings of payments.
• Software options for administration and record-keeping.
• Risks of non-compliance.

The session will include discussions on common questions and real-life scenarios trustees may face, offering practical solutions and insights.

Event Venue & Nearby Stays

level 2/315 Brunswick St, 315 Brunswick Street, Fortitude Valley, Australia