Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input

Statutory Trust accounts checklist

Please selector your industry

Please select state

Please select state

Please select state (not available in QLD and ACT)

NSW - Real Estate/Property Agent

1. Provide the bank with ‘Notice of Opening a Trust Account’ from NSW Fair Trading with a unique identifying number FTUID.  This is needed by the bank to show that you are licenced in NSW.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

VIC, SA, TAS, ACT, or NT - Real Estate/Property Agent

1. Provide the bank with request (either verbally or in writing) to open a Statutory Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

QLD - Real Estate/Property Agent

1. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

2. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

WA - Real Estate/Property Agent

1. Provide the bank with your Triennial Certificate to show what state or territory your business activity will be occurring.

2. Provide the bank with your business and personal details, for further information refer to our new customer checklist

NSW, WA, SA or ACT - Law Firm/Solicitor

1. Provide the bank with request (either verbally or in writing) to open a Statutory Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

VIC - Law Firm/Solicitor

1. Provide the bank with your Notification of Trust Account Details.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

QLD - Law Firm/Solicitor

1. Provide the bank with your Notification of Opening a General Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

TAS - Law Firm/Solicitor

1. Provide the bank with your Trust Form 6 - Opening a General Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

NT - Law Firm/Solicitor

1. Provide the bank with your Notification 77 (from NT Law Society).

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

NSW - Conveyancer

1. Provide the bank with your Blue Form (Trust Account Notice).

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

VIC - Conveyancer

1. Provide the bank with your Notice of Opening a Trust Account form.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

WA - Conveyancer

1. Provide the bank with your copy of Triennial Certificate.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

SA, TAS, or NT - Conveyancer

1. Provide the bank with request (either verbally or in writing) to open a Statutory Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

WA - Settlement Agent

1. Provide the bank with your copy of Triennial Certificate.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

QLD - Collection Agent

1. Provide the bank with letter from QLD Fair Trading.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

WA or QLD - Motor Dealers

1. Provide Request to Open a Motor Vehicle Dealers Trust Account (either verbally or in writing).

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

Please select your industry

  • Real Estate/Property Agent
  • Law Firm/Solicitor
  • Conveyancer
  • Settlement Agent (In Western Australia only)
  • Collection Agent (in Queensland only)
  • Motor Dealers (in Western Australia and Queensland)

Please select state

  • NSW
  • ACT
  • VIC
  • TAS
  • QLD
  • SA
  • NT
  • WA

 

(If ‘Settlement Agent’ is selected in the Industry box then the state box should be automatically populated with WA).

(If ‘Collection Agent’ is selected in the Industry box then the state box should be automatically populated with QLD).

(Depending on the industry and state selected, different information will be displayed).

If Real Estate/Property Agent and NSW are selected then display:

1. Provide the bank with ‘Notice of Opening a Trust Account’ from NSW Fair Trading with a unique identifying number FTUID.  This is needed by the bank to show that you are licenced in NSW.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

If Real Estate/Property Agent and either VIC, SA, TAS, ACT, or NT are selected then display:

1. Provide the bank with request (either verbally or in writing) to open a Statutory Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Real Estate/Property Agent and QLD are selected then display:

1. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

2. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Real Estate/Property Agent and WA are selected then display:

1. Provide the bank with your Triennial Certificate to show what state or territory your business activity will be occurring.

2. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Law Firm/Solicitor and either NSW, WA, SA or ACT are selected then display:

1. Provide the bank with request (either verbally or in writing) to open a Statutory Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Law Firm/Solicitor and VIC are selected then display:

1. Provide the bank with your Notification of Trust Account Details.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Law Firm/Solicitor and QLD are selected then display:

1. Provide the bank with your Notification of Opening a General Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Law Firm/Solicitor and TAS are selected then display:

1. Provide the bank with your Trust Form 6 - Opening a General Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Law Firm/Solicitor and NT are selected then display:

1. Provide the bank with your Notification 77 (from NT Law Society).

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Conveyancer and NSW are selected then display:

1. Provide the bank with your Blue Form (Trust Account Notice).

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Conveyancer and VIC are selected then display:

1. Provide the bank with your Notice of Opening a Trust Account form.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Conveyancer and WA are selected then display:

1. Provide the bank with your copy of Triennial Certificate.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

 

If Conveyancer and either SA, TAS, or NT are selected then display:

1. Provide the bank with request (either verbally or in writing) to open a Statutory Trust Account.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

Note:  Conveyancer Statutory Trust account is not available in QLD and ACT, so Web Page must not provide selection of QLD and ACT for Conveyancer Statutory Trust account.

 

If Settlement Agent and WA are selected then display:

1. Provide the bank with your copy of Triennial Certificate.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

Note: Settlement Agent Statutory Trust Account is only available in WA, so web page must not allow selection of states other than WA for Settlement Agent.

 

If Collection Agent and QLD are selected then display:

1. Provide the bank with letter from QLD Fair Trading.

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

Note: Collection Agent Statutory Trust Account is only available in QLD, so web page must not allow selection of states other than QLD for Collection Agent.

 

If Motor Dealers and either WA or QLD are selected then display:

1. Provide Request to Open a Motor Vehicle Dealers Trust Account (either verbally or in writing).

2. Provide the bank with a copy of your Licence or Practicing Certificate to show what state or territory your business activity will be occurring.

3. Provide the bank with your business and personal details, for further information refer to our new customer checklist

Note: Motor Dealers Trust Account is only available in WA and QLD, so web page must not allow selection of states other than WA or QLD for Motor Dealers.

Things you should know

Deposit Accounts for Business Customers Terms and Conditions (PDF 877KB)

Statutory trusts are only available to members of professional associations who are required by law to deposit funds on behalf of their clients to a trust account with a financial institution. Approval of applications is at the discretion of the bank.