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Melbourne principal reprimanded, fined $5k for unsatisfactory professional conduct
The principal of a Melbourne CBD-based boutique firm has been reprimanded and fined after pleading guilty to two charges of unsatisfactory professional conduct.
Jerome Doraisamy
Graeme Efron – who was admitted in 1978 and has been the principal of Efron & Associates since 1984 – became the subject of a disciplinary application brought by the Victorian Legal Services Commissioner, following which he agreed to plead guilty to two charges.
The second charge to which he pleaded guilty was that he had represented to Mr Dadon that the sale price of two lots totalled $2,250,000 inclusive of GST when the sale price in fact totalled $2,250,000 plus GST (which amounted to $2,475,000), and that he subsequently witnessed the vendor’s execution of transfers recording the true sales prices prior to settlement of the sale and that he did not rectify the misrepresentation before settlement of the sale of those lots.
In determining the penalty, the Victorian Civil and Administrative Tribunal took into account that Mr Efron has “no relevant disciplinary history” and that no adverse findings have been made against him by the regulator or tribunal in the past.
He was given credit for pleading guilty to the two charges, “saving the time and cost of a contested hearing”, the tribunal noted.
Further, consideration was given to the fact that Mr Efron and the VLSB+C had agreed to a position “that has been extensively and carefully negotiated”.
As such, he was reprimanded and ordered to pay a fine of $3,500 with respect to the first charge and was fined $1,500 with respect to the second charge. In addition, he was ordered to pay costs to the VLSB+C in the amount of $5,000.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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