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Compliance
MFAA welcomes DDO changes
by Annie Kane • 13 Aug 2021
The broker association has welcomed Treasury’s move to amend mortgage broker obligations under the design and...
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Treasury to amend DDO requirements
by Annie Kane • 12 Aug 2021
The government will change broker obligations under the design and distribution obligations regime, following...
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Association working to ‘fix’ reference checking laws
by Annie Kane • 5 Aug 2021
The MFAA has been working with Treasury to “fix” reference checking legislation and make other incoming regimes...
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Loyalty tax issue flagged to MPs
by Malavika Santhebennur • 2 Aug 2021
Brokers are key to holding lenders to account to ensure borrowers are on a competitive rate and avoid being “loyalty...
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Governments extend COVID support to NSW, Vic
by Sarah Simpkins • 29 Jul 2021
The state and federal governments have offered support packages to businesses across NSW and Victoria, as Sydney has...
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Millennials call for more housing regulation
by Malavika Santhebennur • 28 Jul 2021
A survey has revealed that almost three-quarters of Millennials said they believe the housing market needs more...
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MyBudget scrambles for AFS licence after ASIC probe
by Sarah Simpkins • 20 Jul 2021
Budgeting provider MyBudget has applied for an Australian financial services licence, after a recent ASIC...
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AMP dodges criminal charges in fees-for-no-service investigation
by Sarah Simpkins • 19 Jul 2021
ASIC has decided to end an investigation into alleged criminal conduct by an AMP financial advice business, relating to...
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Government releases new compensation legislation for consultation
by Annie Kane • 16 Jul 2021
The Morrison government on Friday released exposure draft legislation to establish the compensation scheme of last...
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Debt management ACL regime begins
by Malavika Santhebennur • 7 Jul 2021
ASIC has warned debt management firms, who are now require to hold an ACL, that it is closely monitoring compliance...
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