NSW 02 6659 9600 QLD 07 3846 0394

Trust Account Security

Secure Single Trust Accounts for our Clients

We operate Single Trust Accounts for our clients’ security. These are protected by the strict Trust Account laws. As such, our Trust account operate with the following protections:

  • Single trust account protected by strict Trust account laws
  • A fully computerised system that is protected by limited levels of access by authorised personnel
  • All Computer data is duplicated daily, this backup is safely and securely stored off-site
  • Annual audits are carried out at each office.

What are trust accounts?

Trust accounts are a special type of bank account “where money is received or held by an agent (including any member of the agency’s staff) on behalf of another person in relation to real estate, business or settlement transaction.”
Trust accounts are governed by legislation but only strata managers in some states of Australia are required to have a trust account when holding client money. Queensland, for example are not required to hold funds in a trust account. We at SMS take the security and transparency of our client’s funds seriously and as such, have implemented the option of single trust accounts for all buildings, irrespective of their geographical location.

We Provide Smart Strata Management Services for Any Property

SMS Group has the resources and experience to look after all of your strata needs. Our strata managers will expertly manage your property and make your life easier. To achieve this we offer a wide range of professional services. These include strata advice, community management, management and administration, insurance, strata consultancy services, electronic banking, account keeping, financial presentations and trust accounts security.

Contact SMS Today to Discuss our Trust Account Security.

 

 

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Quiet picnic grounds, near water
Lizette Pickering
Lizette Pickering
03:23 31 Aug 19
I have an investment property that is managed by SMS. Always find the staff polite and friendly and willing to assist me when I need help.
S Smith
S Smith
22:30 04 May 19
They have been very helpful and listen to enquiries , maintenance issues always get priority. Thank you
Kathy Tubbs
Kathy Tubbs
08:26 16 Jul 18
Brisbane

QLD Office

18 Ryan Street
West End QLD 4101
(07) 3846 0394

Coffs Harbour

NSW Office

123 West High Street
Coffs Harbour NSW 2450
1800 351 078