QLD – Solicitor’s Trust Accounts

A1 Audits > QLD – Solicitor’s Trust Accounts

General Information

In Queensland, conveyancing licenses are not recognised. Conveyancing is performed by registered solicitors only. It is possible to set up a conveyancing company as a law firm, however it must comply with all rules and regulations as stipulated by the Legal Profession Act. The solicitor and the law firm must hold a current practising certificate and have professional indemnity insurance.

Queensland does not recognise conveyancing licenses issued in other states, and any licensed conveyancer from another state is not allowed to practice in Queensland. Rather, solicitors in Queensland will typically have a number of staff working specifically on conveyancing and all work will be supervised and signed off by the solicitor.

Further information

https://www.qls.com.au/Home

https://www.qls.com.au/For_the_profession/Practice_support/Resources/Trust_accounting_resources

https://www.qls.com.au/For_the_profession/Practice_support/Resources/Trust_accounting_resources/Trust_accounting_guide

https://www.qls.com.au/For_the_profession/Practice_support/Resources/Trust_accounting_resources/External_Examination_Reports