Criteria for Membership

Associate Member

• 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