• 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.
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• News • Greg Ashe
Will Aggregators Hit Brokers Up For Their Payroll Tax?
With the recent NSW Supreme Court decision in the case between LMG and Revenue NSW, everyone in the industry is speculating about the future ramifications for the wider industry and everybody is an expert.
At QED, we don't pretend to be "experts" on...
• News • Greg Ashe
Risk Management for Australian Credit Licensees
ASIC expects Credit Licensees to predict future events that may impact (positively or negatively) on business activities and to take appropriate actions to address the impact of these events. Under s47 of the NCCP Act, this Risk Management Programme is...
• 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"...