In Australia, the mortgage broking industry has seen phenomenal growth over the past decade, and this appears to mirror what is happening elsewhere around the world. Here we look at various aspects of the mortgage broking industry internationally.
The financial services industry in Australia is governed by the Financial Services Regulations (FSR), which are enforced by [...]

The Australian Federal Government’s new workplace relations changes, known as WorkChoices, have now been introduced and have caused quite a bit of controversy and confusion, from both employees and employers. Here we look at what WorkChoices could mean for your brokerage business, especially with regard to commission only brokers.
Commission only brokers
According to the Federal Government’s [...]

Since the 1980s, Australia has been recognised as a leader in its reform of the financial services industry. In May 1996, the Treasurer, Peter Costello, announced the Financial System Inquiry. This eventually led to the Financial Services Regulations (FSR) we have today. So, why was it necessary to introduce these reforms and how did they [...]