ASIC cracks down on SMSF auditors | Australian Broker News
WEBNews. ASIC has acted against 11 self-managed superannuation fund (SMSF) auditors for breaching their obligations as the regulator continues its crackdown on the niche but growing market. The breaches, which occurred in the September quarter 2023, include auditing and assurance standards, independence requirements and registration conditions.
Aggregator launches online compliance tool for brokers
WEBBy Miklos Bolza. National aggregator FAST has announced a new digital initiative to support brokers with compliance and responsible lending requirements. In partnership with QED Risk Services, the aggregator has launched QED CompliFast, an online compliance program designed to ensure 100% NCCP compliance. The …
Mortgage News for Industry Professionals | Australian Broker News
WEBAUSTRALIAN BROKER TALK. Australian mortgage news, featuring new lender products, developments in alt lenders, and all the news Australian mortgage brokers and finance experts need.
La Trobe Financial news - Broker News
WEBMFAA Western Australia excellence awards winners honoured. Brokers, lenders, BDMs among those recognised.
FINSTREET launches non-bank FINSERV platform
WEBFINSTREET has announced the launch of FINSERV, an AI-powered platform that helps brokers find non-bank loan products for underserved borrowers through technology that assesses non-standard risk. From the complexities around finding products for migrants and SMEs to understanding risks like climate change …
FSC calls for enhanced consumer protection - Broker News
WEBRecent research from the Financial Services Council (FSC), conducted by PwC and Data Analysis Australia, has revealed a concerning trend: nearly 20% of Australian households could qualify as wholesale investors within a decade, bypassing crucial retail consumer protections. This shift, driven by increasing property values, risks exposing ...
Firstmac renews Brisbane Broncos sponsorship - Broker News
WEBNon-bank lender Firstmac has signed a new sponsorship agreement with NRL club the Brisbane Broncos until 2027. The renewed deal will extend Brisbane-based Firstmac’s position as the Broncos’ premier sponsor to 15 years, making it one of the longest sponsorships in the NRL. Under the terms of the latest agreement, Firstmac will …
Industry slams Queensland’s 'misleading' first home owner grant …
WEBNov 22, 2023 Share. The Queensland government’s plan to double its First Home Owner Grant (FHOG) to $30,000 has been panned by brokers who say the incentive doesn’t address the problems in the industry. With the scheme now available, the government insists the improved incentive would deliver cost-of-living relief, but industry critics ...
What brokers need to know about the APRA changes
WEBBy Mike Wood. Nov 15, 2021 Share. APRA has released the final framework confirming its changes to lending conditions. The new rules came into effect at the beginning of November, with a further, system-wide policy framework following late last week. “Unlike our day-to-day supervision of individual entities, macroprudential policies allow us ...
Latest Mortgage Brokers Industry News | Australian Broker News
WEBRental boom nears its end. From rate changes to lender shakeups, the mortgage broker industry is constantly changing. Get the latest updates here.