Mr Guodong Liu, a mortgage broker and director of Wealth Investment Milestone Pty Ltd (WIM) and Aus Mortgage Pty Ltd (AUS), from Rhodes, New South Wales, was convicted in the Downing Centre Local Court of three counts of knowingly making a false statement in documents lodged with 魅影直播.
In November 2016, Mr Liu, as the director of AUS, completed and lodged with 魅影直播 an Australian credit licence application on behalf of AUS. As a nominated fit and proper person in AUS鈥檚 credit licence application, Mr Liu falsely certified that none of AUS鈥檚 nominated fit and proper people had their accreditation cancelled or suspended by a lender. Mr Liu had his lender accreditation with the ANZ bank suspended in April 2016.
In January 2017 and December 2017, Mr Liu, as the sole fit and proper person on WIM鈥檚 Australian credit licence, completed and submitted to 魅影直播, a credit licence annual compliance certificate on behalf of WIM. Mr Liu falsely certified that none of WIM鈥檚 fit and proper people had accreditation cancelled or suspended by a lender.
Mr Liu was fined $9,000 and ordered to attend the Ryde Police Station for fingerprints and photographs to be taken.
The Commonwealth Director of Public Prosecutions prosecuted the matter after a referral from 魅影直播.
Background
WIM holds an Australian credit licence.
AUS鈥檚 application for an Australian credit licence was withdrawn by the applicant.
Credit licence holders are required to identify the people involved in the management of their credit businesses, known as fit and proper people. Mr Liu was WIM鈥檚 sole fit and proper person and was nominated as a fit and proper person on AUS鈥檚 credit licence application.
Credit licence holders are also required to annually lodge an Australian credit licence compliance certificate with 魅影直播, in which licensees are required to certify that they are complying with their credit licence obligations.
Editor's note:聽
Mr Liu has lodged an appeal to his conviction and sentence, which is listed for hearing at the Downing Centre District Court on 26 April 2021.
Editor's note 2:
The hearing date of 26 April 2021, to appeal Mr Liu鈥檚 conviction and sentence, has been vacated. The matter is now listed for mention on 25聽June 2021.
Editor's note 3:
The matter has been adjourned to Thursday, 29 July 2021.