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Professional Misconduct

Peter Shorter


Address: WA, Australia
Sex: Male
Occupation: Sales
Date: 11 January 2008


Details



The State Administrative Tribunal agreed for a proper cause for disciplinary action against Chasecorp Pty Ltd T/AS Citicorp Business Brokers and Peter Shorter. 

Between September 2004 and May 2006 Chasecorp Pty Ltd T/AS Citicorp Business Brokers held itself out as a business agent in Western Australia when it was not licensed.

Between October and December 2004 Shorter held himself out as a business sales representative when he was not registered.

Chasecorp Pty Ltd T/AS Citicorp Business Brokers entered into agreements to sell Western Australian businesses where their status was stated to be a business broker or agent.

Chasecorp Pty Ltd T/AS Citicorp Business Brokers operated a Western Australian serviced office as part of its business broking business located at Level 28, 140 St Georges Terrace, Perth, Western Australia.

Chasecorp Pty Ltd T/AS Citicorp Business Brokers advertised to Western Australian businesses that Shorter could sell Western Australian businesses, and had its representatives have business owners in Western Australia sign a contract for the sale of their business where their status was stated to be a business broker or agent.

Shorter met with potential clients of Chasecorp Pty Ltd T/AS Citicorp Business Brokers in Western Australian as its representative.

Shorter assessed businesses and recommended a sale price to potential clients of Chasecorp Pty Ltd T/AS Citicorp Business Brokers while meeting with them in Western Australia.

Shorter represented that he was qualified and registered to work in the business broking industry to potential clients of Chasecorp Pty Ltd T/AS Citicorp Business Brokers in Western Australia.

Shorter presented a document titled "Appointment to Act as Broker to Sell Business" for the sale of Western Australian businesses where the status of Chasecorp Pty Ltd T/AS Citicorp Business Brokers was stated to be broker or agent.

Chasecorp Pty Ltd T/AS Citicorp Business Brokers was ordered to pay $4,500 in fines and $1,000 in costs. Shorter was ordered to pay $1,200 in fines and $500 in costs.