Retired Membership Full Requirements
Retired Membership Requirements
Please read the requirements listed below.
- Payment of the membership fee being $30.00. Online application CLICK HERE. Approval in less than 60 seconds*
- Statutory Declaration confirming that you have retired from the finance broking industry.
- Current professional indemnity insurance run-off cover.
- All applications are assessed on an individual basis. You may be requested to provide additional documentation to support your application. We will discuss this with you if required.
- Approval in less than 60 seconds* By submitting this originating or renewing membership application (both being individual defined as an “Application”), you agree and understand each of the following:
- The contents of the Application (including all uploaded documents) are true and correct.
- You will provide any further requested documents that has not already been uploaded or information within the required period specified.
- The FBAA may contact external parties (such as police services, ASIC, aggregators, lenders, other brokers, insurers or business development managers) to corroborate the contents of this Application.
- The cost of the Application consists of a membership fee and an administration fee. If the Application is declined, only the membership fee will be refunded.
- This Application includes information regarding other individuals (such as my referees and any referrers). The FBAA will collect this information in order to contact them for the purpose of considering your Application. You have obtained the consent (and can provide such consent to the FBAA on request) of each of the individuals identified in this Application and understand that the FBAA is processing my application on the basis that you have these consents.
- Any membership provided is subject to you providing any further documents required and the outcome of FBAA auditing of application (which may include requests for further information). The FBAA is established for purposes including supporting, protecting and advancing the character, status and interests of the Finance Broking profession. In the event that you provide false, erroneous or misleading information, the directors of the FBAA may resolve that you are not suitable for membership because providing false, erroneous or misleading information is contrary to this purpose. In this event, the FBAA may cancel your membership and will contact external parties to notify them that your membership has been cancelled.
- Administration Fee (once off upon initial application and non-refundable) $110.00*
- Reactivation Fee (for reinstating a lapsed membership) $110.00
- Member Initiated Amendment Fee $110.00
- FBAA Compliance Fundamentals Training $198.00 (Request coupon code)
- AML/CTF Refresher Course (required every two years) $49.50 (Request coupon code)
All fees are GST inclusive
* The Administration Fee is non-refundable and is for processing your application, irrespective of the outcome. If your application for membership is declined, the membership fee (not the administration fee) will be fully refunded. A Member Initiated Fee will apply if the changes in an existing membership status results in a member refund. In all other cases, membership and other fees, are not refundable once paid.