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australian dollars 50 alp broker remuneration policy

ALP announces broker remuneration policy

by Annie Kane • 22 Feb 2019
The Labor Party has officially announced its policy response to the broker remuneration recommendations from the royal... READ MORE
Susan Mitchell

Mortgage Choice CEO slams ‘destructive’ lender-pays flat-fee model
by Charbel Kadib • 22 Feb 2019
Mortgage Choice CEO Susan Mitchell has rejected suggestions that the industry should look to a lender-paid flat-fee... READ MORE
Better Business Awards 2019

Queensland broking industry honoured
by Annie Kane • 22 Feb 2019
The leading brokers, business development managers and support staff in Queensland have been recognised at the Better... READ MORE
Ben Kingsley

Industry veteran backs best interests duty
by Reporter • 22 Feb 2019
A leading broker has praised Commissioner Hayne’s recommendation to introduce a best interests duty for brokers,... READ MORE
Philip Gaetjens

Treasury flags broker reform risk ahead of Labor response
by Charbel Kadib • 21 Feb 2019
Policymakers should ensure that broker reforms do not “damage” the pro-competitive role of the industry, Treasury... READ MORE
man holding miniature yellow house in palms 90 day mortgage arrears

Over 90-day mortgage arrears hit record-high
by Reporter • 21 Feb 2019
Home loan delinquencies have increased nationwide, with mortgages more than 90 days in arrears rising to a record high,... READ MORE

AFCA to consider historical cases from July
by Reporter • 21 Feb 2019
AFCA will start considering historical disputes dating back to 2008 from the start of the next financial year. READ MORE
Parliament house

Parliament greenlights whistleblower law
by Reporter • 21 Feb 2019
A bill designed to enshrine whistleblower protections for the reporting of misconduct in the corporate, financial and... READ MORE
gold coins on a gold scale businessman holding coins fee for service equitable model

Fee-for-service not an ‘equitable’ model
by Tas Bindi • 20 Feb 2019
It’s currently inconceivable that a fee-for-service model could be implemented in an “equitable” way across the... READ MORE
Heritage Bank

Non-major warns of banning broker commissions
by Annie Kane • 20 Feb 2019
A Queensland-based bank has publicly defended broker commissions, adding that it does not support “increasing the... READ MORE
Bank of Sydney

Lender launches new mortgage products
by Ezekiel MacNevin • 20 Feb 2019
The Bank of Sydney has launched a new basic mortgage product for owner-occupiers, with a similar property investment... READ MORE

Broker review of lending market launches
by Reporter • 20 Feb 2019
A major survey of the lending space has launched, calling on brokers to assess the performance of Australia’s... READ MORE
commonwealth bank cba broker renumeration emails

CBA emails reveal former broker remuneration plans
by Annie Kane • 19 Feb 2019
Emails between former CBA CEO Ian Narev and current CBA CEO Matt Comyn, released by the royal commission, have detailed... READ MORE
Question mark

‘Cuckoo land’ commission ban slammed
by Tas Bindi • 19 Feb 2019
The idea of a post-commission world where mortgage customers are better off is too idealistic, according to an... READ MORE

Non-bank pens open letter to brokers
by Annie Kane • 19 Feb 2019
A non-bank lender has written an open letter to brokers voicing its support of the channel and “the work they do... READ MORE

Former Mortgage Choice GM joins Class
by Reporter • 19 Feb 2019
Andrew Russell, the executive general manager, financial services, at REA Group and former GM of Mortgage Choice, will... READ MORE
Citibank

Citi affirms commitment to broker channel
by Charbel Kadib • 18 Feb 2019
The non-major lender has unveiled a new broker strategy and expressed support for the third-party channel amid... READ MORE
Susan Mitchell

Treasurer urged to initiate industry consultation
by Charbel Kadib • 18 Feb 2019
Mortgage Choice CEO Susan Mitchell has called on the federal government to open consultation with the broking... READ MORE
Pauline Hanson

One Nation rallies behind brokers, backs trail
by Charbel Kadib • 18 Feb 2019
Commissioner Kenneth Hayne’s recommendation to ban upfront and trailing commissions paid to brokers would... READ MORE
Better Business Awards 2019

South Australian brokers celebrated at Better Business Awards 2019
by Annie Kane • 15 Feb 2019
James Schulze, director and broker at Rise High Financial Solutions, has been awarded as SA’s Best Residential Broker... READ MORE
Government and opposition battle on broker front

Government and opposition battle on broker front
by Charbel Kadib • 15 Feb 2019
Australia's major parties have battled it out on the floor of parliament, with the topic of broker remuneration taking... READ MORE
Michael Cameron Suncorp

Bank CEO renews support for standardised commissions
by Charbel Kadib • 15 Feb 2019
Standardising the rate of upfront commission paid to brokers may be a potential solution to conflicted remuneration,... READ MORE
Andrew Hadley

Mutual bank CEO voices support for broker channel
by Reporter • 15 Feb 2019
The chief executive of a mutual bank has called for caution around the implementation of Commissioner Hayne’s... READ MORE
Australian House of Representatives

MPs slam call to ban upfront commissions
by Charbel Kadib • 14 Feb 2019
Coalition government MPs have railed against reforms that would “ride roughshod” over brokers and enhance the power... READ MORE
Kenneth Hayne

Non-major bank supports Hayne’s proposals
by Tas Bindi • 14 Feb 2019
A non-major bank has implied that it does not expect to be heavily impacted by Commissioner Hayne’s recommendations... READ MORE