issued an arrest warrant for Nassif in June, alleging he obtained a $150 million loan from Westpac through fraudulent pre-sale documents of an apartment complex in Castle Hill.
On Thursday, the tribunal member reversed this decision, meaning that Nassif and Toplace will lose their licences immediately. Toplace also had a nominated supervisor in place, Charbel Barakat, who was committed to conducting any rectification works, she said.Lawyers for Nassif and Toplace still oppose the decision to strip them of their licences.The developer is the father of Sydney lawyer Ashlyn Nassif, who has been accused of securing the $150 million Westpac loan with a falsified property pre-sale contract in 2021.
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