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Company director behind tourism mecca dream slapped with 20-year ban

Company director behind tourism mecca dream slapped with 20-year ban updated 1 AprApril 2021 at 2:29am Dunk Island was sold to investment group Mayfair 101 in September 2019 but was later repossessed. ( Share Print text only Cancel A bid to turn a small beachside area into Australia s next tourism mecca is all but over with the man behind the scheme banned from fundraising and advertising financial products for 20 years. Key points: The company bought hundreds of properties at Mission Beach and an island ASIC says the company engaged in misleading and deceptive conduct The Mayfair 101 group purchased a resort on Dunk Island in 2019, as well as almost 200 properties in the town of Mission Beach, 2.5 hours drive south of Cairns, as part of a plan to turn them into holiday rentals.

South mission beachDunk islandMission beachNick stipisKaren chesterJustice andersonJustice stewart andersonJames mawhinneyA federal courtFederal courtCorporations actLocal newsProperty investmentReal estateதெற்கு பணி கடற்கரைடங்க் தீவு

Total disregard for Corporations Act earns Mayfair boss 20-year ban

‘Total disregard’ for Corporations Act earns Mayfair boss 20-year ban ‘Total disregard’ for Corporations Act earns Mayfair boss 20-year ban Mayfair boss James Mawhinney has shown “no contrition or remorse” for his part in a scheme that has likely cost its investors hundreds of millions. A A The Federal Court found that James Mawhinney acted with “total disregard” for the Corporations Act and ASIC Act and that his contravention is “of a very serious kind and warrant a very substantial period of restraint”. “As I have stated, I have no confidence that Mr Mawhinney properly understands or appreciates the protective purposes of Australian financial services laws, or the importance of properly disclosing relevant and material matters to prospective investors,” Justice Anderson said in his sentencing.

Justice andersonJames mawhinneyLachlan maddockFederal courtCorporations actAustralian property bondsநீதி ஆண்டர்சன்ல்யாக்லந் ம்யாடொக்கூட்டாட்சியின் நீதிமன்றம்நிறுவனங்கள் நாடகம்ஆஸ்திரேலிய ப்ராபர்டீ பத்திரங்கள்

Court sinks dream of $1 6bn tourism mecca

Court sinks dream of $1.6bn tourism mecca A Federal Court ban imposed on the director of besieged finance outfit Mayfair 101 effectively leaves in doubt a $1.6bn tourism vision. Business by Peter Carruthers Premium Content Subscriber only A FEDERAL Court ban imposed on the director of besieged finance outfit Mayfair 101 effectively leaves in doubt a $1.6bn tourism vision for Mission Beach and Dunk Island. On Monday Mayfair 101 founder James Mawhinney was banned from advertising investments and accepting funds from any financial product for 20 years. And assets secured through Mayfair products can t be transferred out of the country. The decision was a final blow to the Mayfair founder following an Australian Securities and Investments Commission move to shut down investment products found by the court to mislead and deceive mum and dad investors lured by the promise of security claimed to be similar to that of a bank.

Dunk islandMission beachTrudy tschuiJustice andersonJustice stewart andersonGraham andersonJames mawhinneyInvestments commissionMonday mayfairAustralian securitiesStewart andersonIsland dunkCyclone yasiCorporations actMission beachடங்க் தீவு

Court sinks dream of $1 6bn tourism mecca

Court sinks dream of $1 6bn tourism mecca
gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.

Dunk islandMission beachTrudy tschuiJustice andersonJustice stewart andersonGraham andersonJames mawhinneyInvestments commissionMonday mayfairAustralian securitiesStewart andersonIsland dunkCyclone yasiCorporations actடங்க் தீவுபணி கடற்கரை

James Mawhinney s reprehensible conduct earns 20-year ban

James Mawhinney s reprehensible conduct earns 20-year ban
smsfadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smsfadviser.com Daily Mail and Mail on Sunday newspapers.

Justice andersonFederal courtAustralian property bondsநீதி ஆண்டர்சன்கூட்டாட்சியின் நீதிமன்றம்ஆஸ்திரேலிய ப்ராபர்டீ பத்திரங்கள்