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Trust accounts forms and guide

A trust account is where a trustee can hold money on behalf of a client. A trustee is a public accountant who receives money on behalf of another person and must account to that person. It can also include solicitors or licensees.

Also provided are forms for:

  • declaring the trustees of new trust accounts (form 1)
  • new trust account checklist (form 1A)
  • updating details of trust accounts (form 2)
  • ending trustee status (form 3)
  • declaring account used solely for tax refunds and the cashbook balance was nil at the end of each day (form 4A)
  • declaring the highest amount held in the account at the end of any day if account does not relate solely to income tax returns (form 4B)
  • information is provided to assist auditors fully address the 25 point “Prescribed Information for Audit Report” (form 5)
  • closure of a trust account (form 6)
  • resignation of an auditor (form 7)

Publication and resources

Additional information

Field Value
Version 1.0
Category Your rights, crime and the law
Licence Creative Commons Attribution 4.0
Publication set custodian Justice and Attorney-General

Publication set custodian

Justice and Attorney-General

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Publication attribution

Justice and Attorney-General, Queensland Government, Trust accounts forms and guide, licensed under Creative Commons Attribution 4.0 sourced on 30 March 2020


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