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Isn't PI insurance supposed to pay out in the event someone provides the wrong advice? The number of different fees we...
This email address is being protected from spambots. You need JavaScript enabled to view it..a...●1 Jan 1970
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It is absolutely insane that if my client doesn't utilise their offset funds for 3 weeks, for example, the bank doesn't...
clima●13 Jul 2024
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Nothing will change and here is why -  Banks got aggregators in they hands by funding them hundreds of thousand of...
GoranPadezanin●13 Jul 2024
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The tragedy of this situation is that we wouldn't have a payroll tax issue at all if the MFAA had been doing their job...
mhorne●13 Jul 2024
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If we eliminate the aggregators, particularly the larger ones, almost all brokers would be exempt smaller businesses. I...
This email address is being protected from spambots. You need JavaScript enabled to view it....●13 Jul 2024
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Ok so did anyone from ASIC clawback that person's wages!? haha. Poor ol ASIC seems to be getting a lot of (deserved?)...
AnonMB●13 Jul 2024
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So - have we also been overcharged in previous years ???  If so, I can smell a class action....
Peter Buskin●13 Jul 2024
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ASIC should not be entitled to charge any cost recovery fees until they demonstrate that they have rectified ALL their...
This email address is being protected from spambots. You need JavaScript enabled to view it....●13 Jul 2024
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So I raised this with ASIC directly and their "excuse" is that it's a "transposition error".  What...
This email address is being protected from spambots. You need JavaScript enabled to view it.●13 Jul 2024
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I have read through the case file, and I do not believe the structure of the industry was properly explained to the...
This email address is being protected from spambots. You need JavaScript enabled to view it....●13 Jul 2024
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Clawback was originally introduced to prevent churn, and penitential a broker for a fraudulent submissions. Now that...
mackkiwi●13 Jul 2024
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It was the former Liberal Government who legislated a maximum 2 year claw-back period into law with no provisions. It...
brenton.moyle@finsec...●13 Jul 2024
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Here’s some points- clawbacks are applied regardless of the reason. Death, divorce, forced sale because the client...
amclean●13 Jul 2024
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Banks take 2-3 weeks to pass on rate reductions, but can complete a massive takeover within a month! Interesting...
Dags●6 Jul 2024
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Based upon the findings of the Senate enquiry, all and any fees for the financial services industry are now proven to...
This email address is being protected from spambots. You need JavaScript enabled to view it....●6 Jul 2024
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So for most of us, we paid a $1,000 last year, and we pay another $1,000 next year, with this supposedly representing a...
Warren●6 Jul 2024
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ASIC - this doesn't make sense!  Costs are $3.1 mil and there are 4,214 Licensees, all to be charged a base fee of...
This email address is being protected from spambots. You need JavaScript enabled to view it.●6 Jul 2024
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So, the financial planning industry was, among other issues, punished for charging "fees for no...
This email address is being protected from spambots. You need JavaScript enabled to view it....●6 Jul 2024
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You think that's bad check out the econyancing mess. Is it really that hard to understand this tech or are incumbents...
AnonMB●6 Jul 2024
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Also, the current Government - when last in power - forced many small conveyancers to the wall, with ridiculous 10 fold...
Warren●29 Jun 2024
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Warren, completely agree as it's the same in WA. 
marcusadamson●29 Jun 2024
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I agree that the price caps make very few properties suitable. Nevertheless, it remains stupid policy to assist buyers...
This email address is being protected from spambots. You need JavaScript enabled to view it....●29 Jun 2024
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Sadly, it's now a 'claytons' scheme - 'the scheme you have, when you're not having a scheme. Not a single one of my...
Warren●29 Jun 2024
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Why are Big 4 banks allowed to purchase smaller competitors? Only mergers between smaller banks should be permitted to...
This email address is being protected from spambots. You need JavaScript enabled to view it....●29 Jun 2024
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100% agree with the comments from Chris Raymond, with the inflation figures up and media already talking to a rate rise...
sronneberg●29 Jun 2024
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Personally, I do not see a rate hike coming. The current level of interest rate is still gaining traction, impacting...
Phil●29 Jun 2024
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Small businesses (broker businesses) are being squeezed out of business! Clawbacks, ASIC fees, aggregator fees, AFCA...
Phil●25 Jun 2024
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What a waste of tax payers money
This email address is being protected from spambots. You need JavaScript enabled to view it.....●18 Jun 2024
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This article provides invaluable insights into the current economic landscape for SMEs and the growing importance of...
nfinancials●6 Jun 2024
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Where's the common sense here? We need to get rid of some of the industry fees, not add more! Are the real estate...
Phil●6 Jun 2024
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