Article Archive

FBAA calls on banks to remain loyal to broker commissions

29th April 2008 - The Finance Brokers Association of Australia (FBAA) urges Australian banks not to cut commissions and turn their backs on a financial model which has served them well over the years.

Cost-effective recruitment solution developed for mortgage and finance industry

18th April 2008 - The Finance Broker Association of Australia (FBAA) has partnered with leading recruitment provider, The Brooklyn Group, to develop FinanceStaff.com.au, a web-based recruitment solution dedicated to the Australian mortgage and finance sector.

Proposed national Finance Broking Legislative Model - IT WILL BE DIFFERENT IN EACH STATE

30th January 2008 - The proposed regulatory scheme will create an un-level playing field. We need your support to fight this UNREASONABLE, UN-COMMERCIAL and EXTREME piece of State based National Legislation. Our professiona cannot allow this legislation model to go through without a fight!

Proposed National Finance Broking Legislation

28th November 2007 - All interested individuals and organisations are invited to comment on the Exposure Draft Bill. To assist with the assessment process it would be helpful if, where applicable, you make reference to the relevant clause numbers in your submissions.

Peter White elected FBAA national president

15th November 2007 - Peter White has been elected National President of the Finance Brokers Association of Australia (FBAA) at its Annual General Meeting today. Peter, who held the position of Senior Vice President, takes over from outgoing National President Jan Kirstein, who didn’t stand for re-election after two years in the role.

WA Finance Brokers Industry Consultation

7th November 2007 - Hopefully you have received by now correspondence from DOCEP outlining the review of the MRS. It would appear that our pleas and arguments with the minister did not totally fall on deaf ears. We made no bones about the fact that the setting of amounts and percentages of commission rates and payment schedules by governments is unwarranted. Market forces set these standards. The FBAA will be lodging a submission and we believe that to add weight to the argument you should also take the time and lodge a submission.

Anti-Money Laundering Questions and Answers

6th November 2007 - FBAA has now introduced a Questions and Answers page on the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and the training with Deloitte.

Nominations for election of National Office Bearers for the 2007/2008

29th October 2007 - List of nominations for the National Office bearers and details of the revised venue for the Annual General Meeting.

WA Code of Conduct Documents Now Available

27th August 2007 - The Finance Brokers Association of Australia has released a set of documents to help members comply with the new Code of Conduct in Western Australia.

ANZ to fight ACCC over broker fees

23rd August 2007 - ANZ has denied claims of price fixing by the competition regulator in a case that could change the way Australia's banks deal with their brokers