Hi All
ASIC asks almost everyone with even slightly obtuse claims to fess up, interest free home loans would therefore be an obvious target in the ASIC job description. In other words, its not a negative thing in my mind. One of my aggregators got a pasting and a nice "fine" a few years ago for claiming to be "independent", when in fact in ASIC's eyes this meant they shuould deal with ALL funders.
MIAA are doing what they are supposed to, represent members, that means providing a warning where they see fit. Again I dont think that is negative, just a procedural process. Derivex/IFHL not being an MIAA member isnt the most clever thing though not a fatal flaw, this should be easily fixed by Derivex or IFHL.
ta
rolf
ASIC asks almost everyone with even slightly obtuse claims to fess up, interest free home loans would therefore be an obvious target in the ASIC job description. In other words, its not a negative thing in my mind. One of my aggregators got a pasting and a nice "fine" a few years ago for claiming to be "independent", when in fact in ASIC's eyes this meant they shuould deal with ALL funders.
MIAA are doing what they are supposed to, represent members, that means providing a warning where they see fit. Again I dont think that is negative, just a procedural process. Derivex/IFHL not being an MIAA member isnt the most clever thing though not a fatal flaw, this should be easily fixed by Derivex or IFHL.
ta
rolf