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Hayne's 'sermons' must be challenged: Tim Wilson MP


Hayne’s ‘sermons’ must be challenged: Tim Wilson MP
Jul 29, 2021 – 5.12pm
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The chairman of the House of Representatives economics committee has questioned the thinking underpinning elements of the Hayne royal commission’s final report, using the competitive pressures created by a thriving mortgage broking industry as an example.
Representatives from the mortgage and finance broking sector were among those to appear before the committee on Thursday, with Lendi CEO David Hyman among the last to give evidence. Lendi operates an online home loan platform and has recently acquired the Aussie Home Loans mortgage broking business.
Tim Wilson says it is important to challenge ideas such as Commissioner Hayne’s and not blindly accept them.  ....

Peter White , Brokers Association Of Australia , Commissioner Hayne , Finance Brokers Association , பீட்டர் வெள்ளை , தரகர்கள் சங்கம் ஆஃப் ஆஸ்திரேலியா , ஆணையர் ஹேன் , நிதி தரகர்கள் சங்கம் ,

ASIC levy reflects ramped up enforcement: FBAA


ASIC levy reflects ramped up enforcement: FBAA
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ASIC’s raised industry funding levies reflect higher enforcement against brokers and could add to other increasing costs, the head of the Finance Brokers Association of Australia has said.
ASIC released its draft Cost Recovery Implementation Statement for the 2020-21 year on Friday (23 July), with expectations of what each finance sector will be charged to fund its regulation.
The levies, which are based on ASIC’s regulatory costs and business metrics, will be finalised in December and invoiced in January next year.
The regulator is forecast to recover $44.5 million in total levies from the deposit-taking and credit sector – contributing to a grand total of $337.5 million to be recovered across financial industries. ....

Sarah Simpkins , Peter White , Adviser New Broker Academy , Brokers Association Of Australia , Council Of Financial , Cost Recovery Implementation Statement , Finance Brokers Association , Financial Regulators , New Broker Academy , Mortgage Business , சாரா சிம்ப்கின்ஸ் , பீட்டர் வெள்ளை , தரகர்கள் சங்கம் ஆஃப் ஆஸ்திரேலியா , சபை ஆஃப் நிதி , செலவு மீட்பு செயல்படுத்தல் அறிக்கை , நிதி தரகர்கள் சங்கம் , நிதி கட்டுப்பாட்டாளர்கள் , அடமானம் வணிக ,

FBAA flags home ownership scheme risks


FBAA flags home ownership scheme risks
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The association has warned brokers about the risks of home ownership measures that allow borrowers to buy a home with a 2 per cent deposit, particularly in light of BID.
The Finance Brokers Association of Australia (FBAA) noted that the 2021-22 federal budget has focused on home ownership with new incentives for single parents and first home buyers (FHB) to enter and re-enter the property market.
In the budget handed down on 11 May, the Treasury revealed that it would launch a new measure called the Family Home Guarantee to assist single parents purchase property. ....

Malavika Santhebennur , Peter White , Brokers Association Of Australia , Finance Brokers Association , Family Home Guarantee , First Home Loan Deposit Scheme , New Homes , New Homes Guarantee , Money Management , மாலவிகா சந்தெபெண்னுர் , பீட்டர் வெள்ளை , தரகர்கள் சங்கம் ஆஃப் ஆஸ்திரேலியா , நிதி தரகர்கள் சங்கம் , முதல் வீடு கடன் வைப்பு திட்டம் , புதியது வீடுகள் , பணம் மேலாண்மை ,