The Australian Securities and Investments Commission’s (ASIC’s) long-awaited review into the best interests duty (BID) landed this week, prompting plenty of discussion across the mortgage broking industry.
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In this episode of What’s Making Headlines, The Adviser’s senior journalist Charlie Tchetchenian and commercial content writer Ben Squires unpack the review and the immediate response from brokers, aggregators, and industry bodies.
This week, they also discuss:
- Mortgage and borrower demand, alongside the Reserve Bank of Australia’s (RBA) latest minutes.
- Industry pushback against a proposed 1,000 per cent increase in brokers’ Compensation Scheme of Last Resort (CSLR) levy.
- A new appointment for an industry stalwart.
And much more!
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