Criteria for Membership

All Members

1. Members must, as their predominant activity, be involved in providing finance facilities or related services.
2. Members are required to sign and agree to abide by the Code of Practice and Disputes Resolution Service and provide compliance training to employees.
3. Member entities and their Directors / Partners must be:
   1. over 21 years of age
   2. of good character and repute
   3. not an undischarged bankrupt or a corporation in administration, receivership or liquidation.
4. Membership by member firms and their Directors / Partners shall be of suitably high professional standing to gain FBAA entry. As there is no one single formula for determining the desirability of a prospective member, the review is necessarily subjective by nature, with the following taken into account:
   • previous finance industry experience, including any time as an employee of a recognised finance institution;
   • previous lending experience;
   • tertiary qualifications and / or other post secondary studies;
   • other professional qualifications and / or memberships of professional bodies;
   • prospective members are not to have a reputation for conduct contrary to our Code of Conduct prior to seeking membership.
5. Applications for membership will be subject to investigation / review / recommendation by the FBAA membership committee and executive committee. FBAA reserves the right, at its absolute discretion, to reject applications without giving reasons.
6. Holders of professional indemnity insurance relating to the business of Finance Broking.