Please note that the MFAA conducts regular reviews and may remove information from this site after seven years from publication other than in matters involving very serious misconduct.

 

Mr Xiao (Lucas) Liu of Bankstown, NSW

The MFAA Tribunal has suspended Mr Xiao (Lucas) Liu from MFAA membership for a period of 12 months. The Tribunal determined that Mr Liu had engaged in Misconduct by knowingly facilitating the submission of a loan application in his own name containing false income information. Further Mr Liu had submitted another loan application with questionable income information.

The suspension is effective from 17/07/2020 to 16/07/2021.

 

Mr Ismail Goc of Propal Pty Ltd of Craigieburn, VIC

The MFAA Tribunal has suspended Mr Ismail Goc of Propal Pty Ltd of Craigieburn, VIC for a period of 12 months in that he failed to act with appropriate skill, care and diligence in submitting loan applications to a lender which contained questionable income documentation.

The suspension is effective from 06/02/2020 to 05/02/2021.

Note: Publication of this notice was delayed at the request of the Tribunal due to the current pandemic.

 

Mr Terry Yun of Clayton South, VIC

The MFAA Tribunal has suspended Mr Terry Yun from MFAA membership for a period of 12 Months. The Tribunal determined that Mr Yun engaged in acts of a dishonest nature by manufacturing payslips and altering applicants’ bank statements which were then submitted to lenders.

The suspension is effective from 30/10/2019 to 29/10/2020.

 

Mr Adrian Chenh of Moonee Ponds, VIC

The MFAA Tribunal has suspended Mr Adrian Chenh after it found that the Member had engaged in Misconduct. The member failed to disclose that he had been banned by ASIC from providing financial services for a period of five years, in his Personal Declaration of his MFAA Membership renewal application. The Tribunal had initially suspended the Member on an interim basis pending a possible AAT appeal. That appeal did not proceed. Consequently, the MFAA Tribunal has now made a final determination and suspended the Member for a period of 18 months.

The suspension is effective from 04/04/2019 to 03/10/2020.

 

Mr Billal Elhelou aka Bill El-Helou of Heidelberg, VIC

The MFAA Tribunal has suspended Mr Billal Elhelou from MFAA membership for a period of 18 months. The Member has been banned by ASIC from holding a financial services licence and the Member did not inform the MFAA about the ASIC investigation when renewing MFAA membership. The Tribunal initially suspended the Member on 2 October 2018 pending a possible AAT appeal. That appeal has now been discontinued and the MFAA Tribunal has moved to finalise this matter.

The suspension is effective from 03/04/2019 to 02/10/2020.