Wayne Ormond (businessman)
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Wayne Ormond | |
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| Born | 15 July 1973 |
| Nationality | Australian |
| Occupation | Chief Executive Officer House Call Doctor Pty Ltd |
| Years active | 2004-2024 |
| Known for | Founder and former Executive Chairman Refund Home Loans |
Wayne Ormond (born 15 July 1973[citation needed]) is an Australian entrepreneur and businessman. He is the CEO of House Call Doctor, an after-hours doctor service. He previously founded Refund Home Loans, a mortgage broking service.
Early life
[edit]Ormond grew up on his family's cattle property in Far North Queensland.[1] After finishing high school, Ormond worked with local businesses.
At age 21, Ormond moved to Brisbane to begin a career in property sales. For the next seven years he worked with two major property companies, becoming the group managing director for four Raine & Horne real estate franchises. Ormond then worked at Suncorp Metway in Brisbane.[citation needed]
Refund Home Loans
[edit]Ormond established Refund Home Loans in 2004.[2] Refund Home Loans was an Australian mortgage broking service. It conducted its business through the company's mobile Franchisees and provided its customers with a share of the mortgage broker's commission. Ormond expanded into other services, including Refund Financial Planning, Refund Real Estate, Refund Property Investment and Refund Finance & Leasing.[citation needed]
In 2009 and 2010, Ormond's companies and Ormond himself were mentioned in Australia's Business Review Weekly magazine including Fast Franchise,[3] Fast Starters[4] and the Young Rich List which features the top 100 wealthiest under 40s; in 2009 Ormond was listed at number 74.[5] In 2009, Ormond was listed as Queensland's richest bachelor.[1] Ormond appeared on SBS's Insight program when the topic of discussion was intelligence.[6][7]
In October 2009, the Australian Competition & Consumer Commission ("ACCC") commenced proceedings against Refund Home Loans and Ormond over accusations they breached the Trade Practices Act 1974.[8]
In 2010, Refund Home Loans and Wayne Ormond admitted to making false and misleading statements about a non-existent agreement with the ACCC[9] and the court ordered injunctions restraining such misrepresentations in future, issuing of corrective statements and a mandatory implementation of a compliance program including specific training for Mr. Ormond.
In October 2011 the company went into voluntary administration, and was acquired the following year by Homeloans.[10] The shell of the former company was placed into liquidation a month later with debts of over AUS$20 million according to the liquidator.[11]
References
[edit]- ^ a b Gaynor, Mitch (September 27, 2009). "Wayne Ormond finds interest soars in king of refunds". The Courier-Mail. Retrieved February 15, 2012.
- ^ "Consumers rate a mention in mortgage broker review - News". Sydney Morning Herald. May 29, 2004. Retrieved February 15, 2012.
- ^ "Refund Home Loan's, Wayne Ormond, Highly Commented At Entrepreneur Awards". Franchisebuzz.com.au. Retrieved February 15, 2012.
- ^ "Fast Franchise 2010". Brw.com.au. Retrieved February 15, 2012.
- ^ "Ormond hits BRW's Young Rich list - International Business Times". Au.ibtimes.com. October 15, 2009. Retrieved February 15, 2012.
- ^ "Media Library - Multimedia Library". Wayne Ormond. Retrieved February 15, 2012.
- ^ "Media Library - Multimedia Library". Wayne Ormond. Retrieved February 15, 2012.
- ^ "Refund decision stuns industry". October 13, 2011.
- ^ Refund Home Loans and Wayne Ormond admit false and misleading statements
- ^ Homeloans Snaps up Floundering Lender
- ^ Liquidator the big winner in $20m Refund Home Loans collapse
External links
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