PHOTO: Rental money misappropriation
Alice Gunning, the wife of former Real Estate Institute of NSW president Malcolm Gunning, has been sentenced to a 12-month intensive correction order.
She has also been fined $1,150 after being convicted of four breaches of the Property, Stock and Business Agents Act 2002.
The NSW Fair Trading investigated the former director of Guncom Pty Ltd after it was discovered a Guncom employee had misappropriated rental bond money.
Gunning pleaded guilty to three offences: failing to have her business’ trust account audited, failing to properly supervise staff, and breaching the rules of conduct under the Act.
She pleaded not guilty to a fourth alleged offence of being knowingly concerned as a director of a company that fraudulently converted $98,800 of trust money.
After a two day hearing before Magistrate Hockey at Parramatta Local Court, Gunning was found guilty of the fourth offence.
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