Business sales agent fined over unauthorised trust account withdrawal (Sigma Business Sales Pty Ltd / Michael Harrold)
- Unauthorised withdrawal of a $50,000 deposit after business sale settlement
- Business broker and his company fined a total of $7,000 plus $1,000 in costs
- Warning that violations of trust account laws will not be tolerated
A West Perth business sales agent and his company have been fined by the State Administrative Tribunal after making an unauthorised $50,000 withdrawal from the agency’s trust account.