Solicitors trust account audit reports are due within 60 days of 31 March 2020
Even though we find ourselves in extraordinary times, the current legislation makes no provision for any extensions to the lodgement of these reports.
The Queensland Law Society (QLS) is thus unable to grant extensions.
Solicitors trust account audit reports received after the due date will be considered late lodgements. Each report which is lodged late will be considered on its own merits.
The QLS has encouraged law practices to be proactive and finalise their trust accounting records as soon as possible after the end of the reporting period.
Law practices have also been advised to contact their external examiners to discuss how the external examination of the trust records may be achieved in the current circumstances.