Managing director of the Finance Brokers Association of Australia (FBAA) Peter White AM has congratulated Dr Daniel Mulino MP following his appointment as assistant treasurer and minister for financial services, saying that he looks forward to continuing the positive dialogue that commenced with his predecessors.

“The FBAA has enjoyed a close relationship of mutual respect with the Federal Government over many years, which has resulted in significant progress for the finance and mortgage broking industry.”

“The minister of course will have access to the data that the FBAA has provided across areas like clawbacks, buffer rates and many other important issues.

“I am looking forward to bringing him up to date on all of these issues and believe the transition will be seamless due to our strong standing with many senior members of the Government including treasurer Jim Chalmers, prime minister Anthony Albanese and finance minister Senator Katy Gallagher who visited our office some time back to discuss policy that impacts the industry,” Mr White said.

Mr White also took the opportunity to congratulate new opposition leader Sussan Ley, emphasising that the FBAA regularly communicates with both the government and opposition.

“I particularly honour her as the Liberal Party’s first female federal leader.”

He said the Labor Government has been trusted by Australian consumers to implement policy that improves the lives of Australians and ensures that home ownership is not just a dream but a reality.

“There is no doubt that the ability to own a home and secure a mortgage played a significant role in the decisions of Australians at the election.

Mr White said the FBAA has led the national debate around the buffer rate, “and we have provided the government with a way to make a huge difference in the lives of hundreds of thousands of borrowers, at no cost to taxpayers.

“This is just one of the issues that we will be discussing with Dr Mulino and other senior ministers that will focus on the best outcome for borrowers and our industry.”