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Category Archives: Uncategorized
FBAA calls for clearer communication, less red tape from ASIC
The Finance Brokers Association of Australia (FBAA) says a pledge from ASIC last week to enhance its technological platforms and slash red tape is “too little, too late” for many brokers and small businesses. FBAA managing director Peter White AM said the “multi-year program of work” announced by ASIC was hugely frustrating for brokers, who say immediate improvements are what’s needed. “Governments and regulators have been talking … Continue reading
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FBAA warns government against penalising brokers for financial advice failures
The Finance Brokers Association of Australia (FBAA) is warning the federal government against imposing higher levies on unrelated sectors to cover shortfalls in the national Compensation Scheme of Last Resort (CSLR). In a submission to Commonwealth Treasury, the FBAA stated … Continue reading
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FBAA to turbocharge advocacy with new appointment, regulatory engagement group
The Finance Brokers Association of Australasia (FBAA) has announced the appointment of financial services expert and former ASIC executive David Carson as part of a new regulatory engagement group that will give brokers an even stronger voice with governments, regulators, … Continue reading
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FBAA announces annual EOFY membership update and highlights
The Finance Brokers Association of Australia (FBAA) has announced a strong membership surge over the past 12 months, hitting 13,298 members as of 30 June 2025, with that number increasing to more than 13,400 as of 1 August. FBAA managing … Continue reading
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APRA buffer rate decision a missed opportunity
The Finance Brokers Association of Australasia (FBAA) has disputed the claim by APRA chair John Lonsdale that “the current level of the buffer rate has not been restrictive on new credit to the household sector”, made to justify regulator’s decision … Continue reading
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FBAA announces new director and state presidents
The Finance Brokers Association of Australasia (FBAA) has announced the appointment of former Tasmanian state president Justin Delanty to the national board, replacing Barry Honey who is departing for personal reasons. Managing director of Lending4U, Mr Delanty has been involved … Continue reading
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FBAA congratulates new leaders in Canberra and vows to continue key mission
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 … Continue reading
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New research reveals simple way thousands of Aussies can enter housing market
Hundreds of thousands more Australians, including many aged 25 to 34, could access an affordable home loan if the serviceability buffer rate was reduced from 3 per cent to 2.5 per cent, according to new research commissioned by the Finance … Continue reading
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Issues collide to create uncertainty around mortgage options, rates
Recent interest rate cuts, mixed messages around housing prices, cost of living increases, the Australian election and even US tariffs are fuelling an increase in uncertainty from existing borrowers and those wanting to enter the market, according to the peak … Continue reading
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Coalition buffer rate announcement the right move
The managing director of the Finance Brokers Association of Australia (FBAA), who has led the industry’s campaign for a reduction in the mortgage serviceability buffer rate, has backed the Federal Opposition’s commitment to bring the rate down if elected. Peter … Continue reading
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