Trust Account Update – June 2024

MONTHLY TRUST ACCOUNT UPDATE – JUNE 2024 Here’s a copy of what was sent to parties that are subscribed to our monthly trust account update.  JUNE Queensland trust account statistics In June, we’ve seen a consistent trend with a new trust account being opened almost every day. Here are the key statistics: Total Trust Accounts: 1,673 currently open Trustees: 324 builders and developers managing active trust accounts New Accounts Opened: 28 PTAs and 9 RTAs

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Trust Account Reviews

TRUST ACCOUNT REVIEWS There were changes made on 1 July 2024 to the Trust Account Review requirements. WHAT HAS CHANGED? The requirement to conduct an

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Project trusts: Getting to know Queensland’s trust account framework

For building and construction businesses in Queensland there are new rules around how to manage project funds coming into play. And it may not be long before we see similar rules around the country.


In 2017, the Queensland State Government announced the Queensland Building Plan, which includes a range of reforms that aim to improve the quality of building projects, resolve licensing issues and increase security of funding for those projects.