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Category Archives: Uncategorized
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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FBAA urges members to abide by ASIC advertising guidelines following update
The Finance Brokers Association of Australia (FBAA) has issued a warning to members to ensure all advertising complies with ASIC’s Regulatory Guide 234 – Advertising financial products and services (including credit): Good practice guidance. In an email distributed across its … Continue reading
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As interest rates tipped to rise – Three steps to lower your mortgage repayments
The Finance Brokers Association of Australia (FBAA) says a little research on the part of borrowers will help some avoid paying a higher rate even if the RBA lifts interest rates today. FBAA managing director Peter White AM said many … Continue reading
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