| Wayne Ormond | |
| Birth Date: | 15 July 1973 |
| Nationality: | Australian |
| Known For: | Founder of Refund Home Loans |
Wayne Ormond is an Australian businessman. He was the founder of a mortgage brokering service which was prosecuted by the Australian Competition & Consumer Commission and later went into administration.
Ormond established Refund Home Loans in 2004.[1] In 2009 and 2010, the company was mentioned in Australia's Business Review Weekly magazine including Fast Franchise,[2] Fast Starters[3] and he was included in the "Young Rich List" which features the top 100 wealthiest under 40s; in 2009 Ormond was listed at number 74.[4]
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.[5]
In 2010, Refund Home Loans and Wayne Ormond admitted to making false and misleading statements about a non-existent agreement with the ACCC 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.[6]
In October 2011, the company went into voluntary administration, and was acquired the following year.[7] The shell of the former company was placed into liquidation a month later with debts of over AUS$20 million according to the liquidator.[8]