Monthly Archives: July 2026

FBAA receives AUSTRAC advice on AML/CTF changes that could impact brokers

AUSTRAC has responded to enquiries by the Finance Brokers Association of Australia (FBAA) seeking clarity around whether new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws may have unintentionally captured finance brokers and intermediaries. Following the updated regulations that took effect … Continue reading

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FBAA welcomes ING clawback change after submission on unfair lending practices

Only days after its submission to the Australian Treasury consultation paper on unfair trading practices protections for small businesses, the Finance Brokers Association of Australia (FBAA) has commended ING for “taking an important step in the right direction.” FBAA CEO … Continue reading

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FBAA calls for action on unfair lender trading practices

In a submission to an Australian Treasury consultation paper on unfair trading practices protections for small businesses, the Finance Brokers Association of Australia (FBAA) said it wanted to “bring to the government’s attention the unfair trading practices being engaged in … Continue reading

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FBAA seeks clarity from AUSTRAC over AML/CTF Act changes

The Finance Brokers Association of Australia (FBAA) has requested an urgent meeting with AUSTRAC to discuss the practical implications of the recent AML/CTF reforms and their potential impact on brokers and intermediaries. CEO Leo Gagic said while brokers should not … Continue reading

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Comments from Leo Gagic, CEO of the Finance Brokers Association of Australia (FBAA)

Re: SMSF legislative changes “Brokers must accept that a new world has arrived in regard to SMSF residential lending. Along with borrowers we must adjust, as this legislation along with changes to negative gearing and CGT have now been rushed … Continue reading

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