{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationMember and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Trust records for project and retention trust accounts
There are generally two types of trust account used by members of the construction sector:
- Project trust account (PTA) – applicable for each project undertaken.
- Retention trust account (RTA) – for all cash retention held by the principal or head contractor.
This resource offers an explanation of some of the key terms used when discussing PTAs and RTAs and what you need to know about managing a trust account. The trustee for a PTA or an RTA must keep records for the trust as required. A list of these required records is provided in this resource.
Advice is also given about what information must be included in bank reconciliations, as well as what’s involved in auditing and review processes.
This resource is one of several on PTAs and RTAs that are designed to assist HIA members. Be sure to check out HIA’s related resources for more information.
Access this resource now
Non-Member price
{{product.currencySymbol}}{{product.listPrice | asCurrency}}
Member price
FREE
{{product.currencySymbol}}{{ membersPrice | asCurrency}}
Item added to cart
Please proceed to cart to checkout Cart
Item not added to cart
Please try again
Didn’t find what you were looking for?
Who is it for?
Residential builders and industry professionals
This resource is designed for builders and industry professionals who want to understand how project and retention trust accounts work.
What does it include?
- Terminology used
- What you need to know about managing a trust account
- Monthly bank reconciliations
- Auditing and reviews.