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Hi Lisa What the ACT says, and what it means, and how its interpreted will be different to every lender, every adjudicator, and every PI insurance provider, UNTIL there is some case law and precedent. This is where the real danger lies, for a broker at least. See, if a bank employee gets a...

No not specifically. There are some THEORETICAL exclusions such as corporate trustees etc, but the axe has already fallen. AS an acid test as to how well the exlusions may work, note well the changes to Lo doc product across the board that demands various verifications, this LENDER...

Awwwwwwwwww Come on BT Instead of investing in property, One can always go and buy some managed funds through a financial planner, or buy a Fed Bond :) ta rolf

Hi Brett You dont have to be in trouble with any client. In fact you can have 10 000 very happy clients and still be very much in breach of your obligations, be liable for significant fines, and be at risk of not being able to trade The annual compliance certificate to be provided to ASIC...

I have no data on the quantum of the "issues" of the periphery. In truth and fact, how much of an issue is/was the "periphery", and how much of that was not already covered in existing legislation of some sort, and just poorly administerd and policed ? I have said it before, Im not...

From the advice I have been receiving, and to take a literal interpretation of that advice, if you cant show the borrower can get out of a financial pickle without selling their PPOR, you are in trouble, That is regardless if that person is ever in trouble, a detail audit would show u are in...

National regulation finally,..........its a GREAT thing. Past Jan 1, no longer does one need 3 differernt broker contracts. But in amongst the lovey dovey feel good stuff that we are looking after the consumer, there are some interesting anti competitve, and restraint of trade issues...