SBS Go Back To Where You Came From
The AWU Scandal - Fun with Other People's Money

The AWU Scandal - The Mortgage to Blewitt

Slater and Gordon ran an in-house mortgage lending business.   It was represented by Jonathan Malcolm Rothfield who at one stage held this pre-FSR accreditation with the now ASIC link to ASIC record.

You will recall that Slater and Gordon acted for Blewitt in his purchase of 1/85 Kerr Street Fitzroy, with Bruce Wilson signing all the documentation to effect the sale pursuant to a specific Power of Attorney donated to him by Blewitt.

Download Transfer of land

That Power of Attorney makes the following transaction all the more interesting and difficult to understand on the face of it.   Slater and Gordon loaned Ralph Edwin Blewitt an advance of $150,000.   The mortgage documents are signed by Bruce Wilson pursuant to the Power of Attorney dated 4 February, 1993.   The Mortgage includes a covenant that the information supplied by the Mortgagor (Blewitt) in the "application" for the loan is correct.   It says that the loan is conditional on that information being correct.   I would be fascinated to see what enquiries Slater and Gordon went to to satisfy itself as to Blewitt's financial position. Download Mortgage documents

If you are expert in the law that prevailed in Victoria during 1993 in relation to credit providers in these circumstances I wonder if you might be so good as to render an opinion with your credentials inluded.