( It's about real estate in NSW Australia )

Your manager has asked you to induct a new employee. As part of the induction you will need to explain their responsibilities in relation to the trust account. As you have not done this before you decide to prepare a guide to use.

You will need to explain the following topics:

- The purpose of the real estate trust account including applicable legislation.

- Legislative requirements for operating both a manual and electronic trust accounting system.

- Different types of trust accounts and functions of the software packages

- Requirements for the integrity and security of the trust account eg: passwords and backups, authority

- The role and responsibilities of personnel of the agency in the operation of the trust account.

Use each of the bullet points above as headings and then add a brief description under each heading that will help you with your explanation.