Dealing with trust accounts in the motor industry

You need a trust account if you collect debts on behalf of someone else. Find out what you need to do to open and deal with your trust account.

Use a trust account to handle money on behalf of someone else. Find out about receiving money, issuing receipts and withdrawing from a trust account.

Trust money is money you handle on behalf of someone else. Find out the difference between trust money and non-trust money.

Motor industry agents with trust accounts must appoint an auditor. Find out how to lodge a trust account audit report and when it is due.

A licensee is responsible for lodging their own audit report/s, although auditors can lodge audit reports on their behalf. Find out what an auditor must immediately report to us.