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Compliance
AFG seeks to allay ACCC concerns
by Annie Kane • 4 Mar 2020
As the ACCC consultation on the AFG/Connective merger draws to a close this week, the CEO of AFG has outlined that the...
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Regulation of industry will remain ‘on the agenda’: AFG CEO
by Annie Kane • 2 Mar 2020
The regulatory scrutiny and continued legislation of the broking industry “will be on the agenda from here on in”...
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ASIC urged to ‘dial back’ BID guidance
by Charbel Kadib • 26 Feb 2020
The regulator has “overreached” in its interpretation of the best interests duty and should “dial back” its...
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Non-mortgage package products subject to BID: ASIC
by Charbel Kadib • 26 Feb 2020
Brokers will be required to meet their best interests duty obligations when assessing the suitability of other credit...
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ASIC applauded for BID guidance approach
by Annie Kane • 25 Feb 2020
Several members of industry have applauded the financial services regulator’s draft guidance on the incoming best...
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ASIC outlines record-keeping obligations for BID compliance
by Charbel Kadib • 24 Feb 2020
The corporate regulator has outlined the documentation it expects mortgage brokers to store as means to demonstrate...
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ASIC releases draft BID guidance
by Charbel Kadib • 20 Feb 2020
The corporate regulator has published its long-awaited guidance on the obligations of mortgage brokers under the newly...
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Connective backs merger utility amid ACCC doubts
by Charbel Kadib • 14 Feb 2020
The proposed merger with AFG will deliver “great outcomes” for brokers and their customers, Connective director...
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ACCC raises concerns about AFG-Connective merger
by Annie Kane • 12 Feb 2020
The competition watchdog has raised preliminary competition concerns about the proposed merger between Connective and...
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Working with vulnerable customers
by Annie Kane • 11 Feb 2020
Last year, a new Banking Code of Practice was rolled out, which brought in a higher standard of customer care when...
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