Monthly Archives: July 2023

FBAA warns of increased ASIC fines

Fines and penalties for breaching regulations, including best interests duty (BID), have increased from July 1, 2023, and finance brokers should take note, the FBAA’s managing director Peter White AM has warned. Mr White said ASIC’s penalty unit value has … Continue reading

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FBAA hits record membership number

The FBAA has announced it passed the 11,000 member mark at the end of the 2022-23 financial year. As the association celebrates its 30-year anniversary, the number of members as of June 30 was 11,044, representing a net growth of … Continue reading

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