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ISCOVER
With ASIC’s broker remuneration review released, the submissions from industry published and the government’s response soon expected, we thought it was time to reflect on the main themes and ideas coming out of the review, and what the industry had to say to Treasury about it.
IT’S BEEN two years since the government first stated that it would look into remuneration in the mortgage broking industry, nine months since ASIC’s report was released, six months since the consultation closed, and yet we’re still waiting (at time of writing) for the government to release its response. Given the massive amount of work that went into the review (more than 200 million data points were analysed from loans spanning four years), and the range of readings, responses and recommendations that the consultation garnered, it’s perhaps unsurprising that the government is considering all of its options before responding.
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