Category: Compliance

A proposed $29.6m RAMS settlement puts $7.8m against trail withheld at 25%. What brokers should check in their own aggregator or franchise agreement.

ASIC’s Clark Family case and Fundo’s $19,800 notice both turn on s12DB. What the rewritten RG 234 means for your panel claims and bought leads.

The Senate’s offset account inquiry runs to 7 June 2027. Its terms of reference cover setup and linking but never mention the channel writing most loans.

The ABA’s new financial abuse guideline binds banks, not brokers. The Banking Code test behind it still gets answered from your interview and your file notes.

Police charged three at a Bankstown accounting firm over false loan documents. What RG 209 says about relying on accountant letters and hidden vendor rebates.

outsource Financial’s Fraud Finder reads the edit history inside a payslip. What NCCP s118(4), RG 209 and best interests duty require once a file is flagged.

ASIC flagged missed reference checks in its September advice update. The same protocol binds credit licensees authorising brokers, and starts a 10-day clock.

The MFAA wants Digital ID to end duplicate identity checks in lending. Until it does, brokers do the work — and hold the data — for someone else’s obligation.

ASIC says banks repaid $55m for offset failures and missed 77% before it asked. One case study names the broker who was never told. What to check now.

APRA and ASIC want evidence, not awareness, on AI risk. Brokers sit outside that perimeter and inside the dependency – and BID record-keeping hasn’t moved.

At the Senate’s final housing hearing brokers asked for a discharge framework, not bigger borrowing capacity. What that means for your refinance files now.