Application Requirements

---

Associate Member

FBAA Associate Membership is available to approved employees and exclusive subcontractors of Accredited Members wishing to remain involved in and informed of the FBAA's activities. This category carries full voting rights.

Benefits

• Full voting rights with the broking industry's peak body.
• Membership Certificate and Window Sticker.
• Annual Membership Card entitling holder to a range of discounts and benefits from suppliers.
• Use in advertising and stationery of FBAA Logo (available by email to your printer).
• Credibility with lenders and consumers resulting from membership of the FBAA.
• Receipt of bulletins on important issues from the General Manager (available by email, fax or mail).
• Access to FBAA Brochure promoting the use of finance brokers.
• Representation to the Professional Indemnity Insurance Industry and Member Discounts to approved applicants.
• Access to FBAA run or approved training courses and workshops.
• Effective representation with the State and Federal Government (Ministers, Fair Trading, ASIC & APRA) regarding regulation of the finance broking and mortgage origination industries.
• Access for staff and subcontractors to the most comprehensive UCCC training course available, increasingly recognised by lenders as an alternative to their own UCCC training courses.
• National and State Office participation in Government and Industry forums and surveys.
• Networking opportunities with other brokers and lenders via Business Breakfasts and Sundowners, all with an underlying professional development agenda.
• Availability of Complaints Resolution Process to effectively and promptly deal with consumer grievances and disputes between members.

Requirements

• Completed and signed application form, countersigned by Accredited Member.
• National Police Check
  (Applicant must provide a National Police Check with their application. This document must be dated no earlier than three months prior to this application. In the instance where the applicant is a company, partnership, business or firm, all directors, partners and principals directly engaged in the business must provide this document. This can be the original document that can be returned to you on request, or a Certified Copy. NB: Original documents are not kept on file and will be destroyed after processing of application.)
• Professional Resume.
• Evidence of any prior learning or training in finance or commerce.
• Mentoring: As an FBAA membership condition, an applicant for membership with less than 2 years proven experience in finance/mortgage broking or lending (over the past five years), must be nominated for membership by another member (or member's representative) who undertakes to mentor (or ensure the mentoring of) the applicant (mentee) until they have had at least 2 year’s experience in their chosen field of broking or finance. A mentee need not be bound to the same mentor during the mentoring period, subject to all mentors satisfying the FBAA criteria and the FBAA being advised of the new mentor prior to the change.
• Declaration of any pending charges or convictions for fraud or dishonesty.
• Declaration of current bankruptcy or Directorship of a company under previous or current External Administration, Receivership or Involuntary Liquidation.
• Evidence of Professional Indemnity Insurance (letter of confirmation from the employer that you are covered)
• Evidence of completion of Certificate IV in Financial Services (Finance/Mortgage Broking ) or equivalent.
• Evidence of an up to date 'Individual' AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing Act 2006) acceptable Compliance Training.
• Evidence of membership of an ASIC approved External Dispute Resolution Scheme, either personal
  or
  letter of confirmation from the employer that you are covered under his/her scheme membership.
• Cheque or Credit Card payment for Annual Subscription.
• A copy of your Credit Report / or that of Nominee of the business - which is dated no earlier than three months prior to application for membership - www.vedaadvantage.com.au
• Copy of your registration details with ASIC if you are conducting consumer lending
• Photographic identification of individuals for membership or nominees of company applicants

Annual Subscription

$275.00 (includes GST)