• News • Greg Ashe
AFCA Stays Silent at New System Meltdown
With the end of July fast-approaching, many in the industry - Aggregators, Lenders, Industry Bodies etc - are already asking for confirmation that memberships have been renewed.
• News • Greg Ashe
The Importance of Independent Loan File Audits
With the ongoing scrutiny of the broking sector and lenders applying pressure on aggregators to ensure their ACL holders are compliant with the Responsible Lending guidelines of ASIC's Regulatory Guide 209 and the Best Interests Obligation guidelines i...
• ASIC News • Greg Ashe
Breach Reporting: What You Need to Know
Credit Licensees now have an obligation to report breaches to ASIC in certain situations. If a breach is reportable and you don't report it, you may be fined or face jail time. ASIC's Regulatory Guide 78 describes four different types of "reportable situations"...
• ASIC News • Greg Ashe
Why Did ASIC Costs Blow Out in 2020/2021?
Australian Credit Licensees in the "Intermediary" sector who received their annual invoice from ASIC for the Supervisory Cost Recovery Levy this week would have been in for a shock.
• ASIC News • Greg Ashe
QED's Perspective: How ASIC's New Reforms Affect Your Business
In response to the six new laws that are set to impact the financial sector from October 2021, we say NBD.
These ASIC enforced reforms will address recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. As far as how these may affect you...