In case you missed it this week, the Australian Broking Awards finalists announced, brokers urged to watch out for financial abuse, the federal and state government’s expanded disaster payment support, and feedback sought on how banks meet deceased estates obligations.
The Adviser is thrilled to announce that a total of 230 finalists have qualified to contest for the Australian Broking Awards 2022.
Brokers urged to watch out for financial abuse
The FBAA has encouraged brokers to educate themselves on how to recognise elder financial abuse in clients amid increasing cases.
Commonwealth, NSW increase disaster payment support
The federal and the state governments have expanded the support for those impacted by the NSW floods in both eligibility and scope, which has included grants of up to $50,000 for both small businesses and not-for-profit organisations.
The major bank has announced emergency grants of up to $1,000 will be available to customers impacted by the widespread flooding across NSW.
Feedback sought on how banks meet deceased estates obligations
Brokers and consumers are being asked to provide feedback to an inquiry about how banks settle financial affairs in deceased estates.
The Banking Code Compliance Committee (BCCC) launched the survey to better understand how member banks are meeting their obligations.