Sound familiar?
What people are putting up with today
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Master Builders Queensland told the state's own productivity commission that project trust accounts impose an enormous financial and administrative burden on the head contractors who have to run them.
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The Housing Industry Association has said small builders are not solicitors who are accustomed to the complexities of trust accounting records — yet that's exactly what each trust account now demands: a reconciled ledger every month and seven years of records kept for every project.
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Missing the 5-business-day QBCC notification after opening a trust account risks penalties up to A$28,750, or licence suspension for repeat failures.
How Trustline works
Trustline is a done-for-you trust account reconciliation service for small and mid-sized head contractors. Each month you forward your trust account's bank statement and payment claims, and Trustline produces the QBCC-format trust ledger and reconciliation report, confirms every notification deadline has been met, and keeps the required seven-year record set — without you or your staff having to learn trust accounting.
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01
Forward your trust account's bank statement and the month's payment claims — by email or upload, whatever's easiest.
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02
Trustline reconciles the trust ledger against the bank in the format QBCC expects, and flags anything that doesn't match.
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03
You get a one-page confirmation the account is compliant, with the reconciliation and notification records filed and ready for an audit.
In their words
What people are saying
Real quotes from public reviews and forums, with names removed. None are about Trustline — it isn't available yet.
Project trust accounts impose an enormous financial and administrative burden.
Small builders are not solicitors who are accustomed to the complexities of trust accounting records.
Founding access
Apply for founding access
Trustline is opening to a small group of founding members first.
- Early access before public launch
- A locked-in founding price
- A direct say in what gets built
Privacy notice: we collect your email (and your answer above, if you give one) solely to contact you about founding access to Trustline. We don't sell or share your information with third parties, and we won't use it for anything else. You can ask us to delete your details at any time by emailing hello@thinksimple.app.
Get involved
Want to be part of Trustline?
Whether you'd invest, sell it or bring know-how from this industry, tell us how you'd like to be involved. We review every message and reply if there's a fit.