Robert Faraci

Member’s name: Robert Faraci
Date of Hearing: 1 August 2025
Division: Victoria
Tribunal: One Person Tribunal

On 1 August 2025, the One Person Tribunal found Mr Robert Faraci breached CPA Australia’s 11 May 2022 Constitution (the Constitution), Article 36(a) when he:

• "committed, participated in or been involved with an Adverse Event” as defined in Article 76(c) of the Constitution, when he “breached this Constitution (or a constitution of the Company in force from time to time before the Amending Date), By-Laws, Code of Professional Conduct or the Applicable Regulations;” by breaching APES 110 subsection 111, the principle of integrity, in submitting misleading documents to the Australian Securities and Investments Commission (ASIC) and/or APES 110 subsection 112, the principle of objectivity which requires a member to exercise professional or business judgment without being compromised by bias, conflict of interest, or undue influence of, or undue reliance on, individuals, organisations, technology or other factors in lodging ASIC forms based on instructions from only one company director and without company authority.
• “committed, participated in or been involved with an Adverse Event” as defined in Article 76(c) of the Constitution, when he “breached this Constitution (or a constitution of the Company in force from time to time before the Amending Date), By-Laws, Code of Professional Conduct or the Applicable Regulations;” by breaching APES 110 subsection 111, the principle of integrity, in submitting misleading documents to the Australian Securities and Investments Commission (ASIC) and/or by breaching APES 110 subsection 112, the principle of objectivity which requires a member to exercise professional or business judgment without being compromised by bias, conflict of interest, or undue influence of, or undue reliance on, individuals, organisations, technology or other factors in lodging ASIC forms based on instructions from only one company director and without company authority.
• “committed, participated in or been involved with an Adverse Event” as defined in Article 76(c) of the Constitution, when he “breached this Constitution (or a constitution of the Company in force from time to time before the Amending Date), By-Laws, Code of Professional Conduct or the Applicable Regulations;” by breaching APES 110 subsection 112, the principle of objectivity which requires a member to exercise professional or business judgment without being compromised by bias, conflict of interest, or undue influence of, or undue reliance on, individuals, organisations, technology or other factors in acting against the interests of one or more trust beneficiaries and/or the trust for the sole purpose of influencing who has control of the business.
• “committed, participated in or been involved with an Adverse Event” as defined in Article 76(c) of the Constitution as having “breached this Constitution (or a constitution of the company in force from time to time before the Amending Date), By-Laws, Code of Professional Conduct or the Applicable Regulations;” by breaching APES 110 subsection 113, the principle of professional competence and due care which requires a member to act diligently and in accordance with applicable technical and professional standards in your failure to provide copies of accounting documents requested by the Complainant.

Mr Faraci admitted the Complaints prior to the convening of the Disciplinary Tribunal and consented to the Determination and imposition of the penalty below.

Penalty and Costs:

The One Person Tribunal found the Complaints sustained and imposed the following penalties:

Complaint 1: 

• A severe reprimand.
• A Fine of $1000.

Complaint 2: 

• A severe reprimand.
• A Fine of $1000.

Complaint 3: 

• A severe reprimand.
• Successful completion of “Professional Ethics in Focus 2024” by 30 December 2025 or otherwise determined by the GMPC.

Complaint 4: 

• A severe reprimand.

Mr Faraci was ordered to pay a contribution to CPA Australia’s costs of $11,045.