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More than a year after the Australian Securities & Investments Commission began its review into the effect of current broker remuneration structures on the quality of consumer outcomes, Report 516, Review of mortgage broker remuneration was finally released. The Adviser takes a deep dive into the report’s findings and proposals and reveals what industry thinks of it all.
The wait is finally over; ASIC’s report into mortgage broker remuneration is here. It’s been a long time coming; the review was first mooted in 2015, when the government released its response to the 2014 Financial
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