Misconduct decisions

These are the misconduct decisions published since the previous newsletter (10 July 2017).

​​Complaint number ​Overview ​Penalty
CD500128


​The Tribunal found that Rules 9.1 and 6.4 are core obligations; a breach of these rules cannot be regarded as anything other than misconduct. It was not for the licensee to decide whether or not to pass on information to a vendor concerning a potential purchaser; this is information that must be passed on in order for licensees to comply with their obligation to act in their client's best interests. The conscious decision to tell the vendors that there were no other buyers was sufficient to take this conduct outside the realm of unsatisfactory conduct under s72 of the Act. Licensee contravened Rules 6.4 and 9.1. Censured and Fined $8000​
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