On behalf of the FBAA I extend my congratulations to incoming Prime Minister Anthony Albanese and the Australian Labor Party for their election win.

The FBAA has enjoyed a close relationship with the ALP over many years while in opposition and we look forward to strengthening this as they lead our nation in government. In particular I thank them for their recent commitment to me personally that they will not be considering further broker remuneration reviews, and that they will enter into discussions to review fair remuneration structures on clawback reductions.

I’d also like to thank the outgoing Morrison Government for their support of finance and mortgage brokers over many years, including through the challenging times of the royal commission. They constantly engaged with us and understood the importance of our sector. Former treasurer Josh Frydenberg was also approachable and always willing to listen, and I wish him the best for his future.

The FBAA has been extremely active in talking over many years to all sides of politics, and we have developed a close channel of communication with government and opposition. We will continue to inform both sides and look forward to representing our industry in an apolitical manner for the benefit of brokers. Given the new makeup of the senate we will also reach out to the Greens and independents who sit on the cross bench.

Thanks to the dialogue with both the former Coalition Government and the current Labor Government, we have been able to ensure that our industry is in a strong position and this only benefits Australian consumers.