Author Archives: CRC Public Relations

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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Comments from Peter White AM, Finance Brokers Association of Australia

Re: Interest rate announcement today The following comments are attributed to Peter White AM, FBAA spokesperson. “With interest rates expected to remain on hold today, borrowers should be proactive and not complacent.  After multiple rate rises, it’s the perfect time … Continue reading →

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Statement from the FBAA board

Over recent months, the board has not only been conducting a search for a new CEO, but has been using this time of change to consider ways to increase our impact, build our industry to even greater heights, and provide … Continue reading →

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The federal government must commit to correct if its tax attack backfires

The Finance Brokers Association of Australia (FBAA) says the federal government may yet be forced to reverse course on its tax attack on investors if housing prices or rental costs surge, as predicted by many. FBAA Interim CEO Peter White … Continue reading →

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Why is Australia allowing a perfect economic storm to hit?

The Finance Brokers Association of Australia (FBAA) says research from others has backed up its recent warnings of two economic storm fronts, and that they may be about to clash, forcing thousands of Australians out of their homes and sending … Continue reading →

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Let’s not leave innocent brokers Hai and dry

The interim CEO of the Finance Brokers Association of Australia (FBAA) has asked banks to support innocent Hai Money brokers who have been caught up in the ongoing fraud investigations and stand to lose their businesses. Peter White AM said … Continue reading →

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Tax changes targeting investors will drive up costs for most vulnerable

The Finance Brokers Association of Australia (FBAA) has urged the Federal Government to dismiss reports they are considering targeting property investors through changes to the capital gains tax discount and negative gearing. The association says the proposed changes, reportedly to … Continue reading →

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Combatting mortgage fraud requires action, accountability and perspective

The Finance Brokers Association of Australia (FBAA) says the current discussions around fraudulent mortgage applications should be approached from a position of integrity and perspective, ensuring that finance and mortgage brokers are held to the highest standards while the industry … Continue reading →

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Brokers embrace AI but generational divide, security concerns emerge

The Finance Brokers Association of Australasia (FBAA) has welcomed a recent poll that showed members are embracing AI technology, albeit cautiously, saying the industry must always be moving forward. The association’s latest monthly broker poll found that 39 per cent … Continue reading →

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Peter White announces resignation as FBAA head

Peter White AM, managing director of the Finance Brokers Association of Australia (FBAA) has resigned after 23 years with the association. FBAA Board chair Brett Spencer has called the decision by Mr White “a difficult one for all”, but said … Continue reading →

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