trust account breach penalty

[russellpeter]

do you think the below breach is fair or light on?

I have taken over a couple of properties in the past month and found accounting errors and $1000 of owners money that was not receipted correctly.

http://www.rebonline.com.au/breakin...er-breaching-trust-account-.rebonline.com.au/

 

[Scott No Mates]

An innocent breach is one thing but to deliberately defraud an owner is theft and loss of licence and fines are insufficient punishment.

A white collar crime is a criminal offence so why is the penalty less in this instance?

 

[cu@thetop]

An innocent breach is one thing but to deliberately defraud an owner is theft and loss of licence and fines are insufficient punishment.

A white collar crime is a criminal offence so why is the penalty less in this instance?

Should have been more. Dishonesty caught out at an early stage. I agree there is a big difference in accounting stuff ups vs fraud.

 

[TMNT]

how you'd think you could get away with it long term is beyond me

 

[Sez]

Far too light - she can work in real estate again?! Just a fine and then on your way?? Shameful.

 

[Aaron_C]

I'm sure she had some sob story so she got out of it.