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Writing, settling and retaining are different things these days. On averages to settle 2 mill ( with min clawback) , a broker would need to write and have approved 50 % more, so 3 mill. Average App to settled ratios with the likes of CBA 3rd party are 65 % :( . I have no issue with an...

Hi Vic I will reply in detail later on the NCCP issue. One too many solcitors have driven a semi through the wording already : ( Quick one............500 bucks ..................that worked for me when I was a sole operator. Almost all brokers that I know that run a business, with...

Hi Vic well rounded post. On the above, what type of stricter legislation will help here ? Some legal interps of the NCCP are......... 1. You cant lend to a single female of child bearing age unless she has 5 % plus buffer and/ or parental or spousal support. 2. Lo doc lending without...

All just perspective ;) Look at fuel, supermarkets and most other mainstream commodities. Generally 2 players control ~ 80 % of the market with a dozen also rans making up the balance. So..........to have 4 sharing 80 % of the pie is somewhat "not normal" and is clearly sufficient...