April 18, 2024 02:40pm • News • Greg Ashe

Will Aggregators Hit Brokers Up For Their Payroll Tax?

With the recent NSW Supreme Court decision in the case between LMG and Revenue NSW, everyone in the industry is speculating about the future ramifications for the wider industry and everybody is an expert.

At QED, we don't pretend to be "experts" on...

August 31, 2023 02:40pm • News • Greg Ashe

Risk Management for Australian Credit Licensees

ASIC expects Credit Licensees to predict future events that may impact (positively or negatively) on business activities and to take appropriate actions to address the impact of these events. Under s47 of the NCCP Act, this Risk Management Programme is...

February 21, 2023 02:40pm • News • Greg Ashe

The Importance of Independent Loan File Audits

With the ongoing scrutiny of the broking sector and lenders applying pressure on aggregators to ensure their ACL holders are compliant with the Responsible Lending guidelines of ASIC's Regulatory Guide 209 and the Best Interests Obligation guidelines i...

March 24, 2022 02:40pm • ASIC News • Greg Ashe

Breach Reporting: What You Need to Know

Credit Licensees now have an obligation to report breaches to ASIC in certain situations. If a breach is reportable and you don't report it, you may be fined or face jail time. ASIC's Regulatory Guide 78 describes four different types of "reportable situations"...

February 24, 2022 02:40pm • ASIC News • Greg Ashe

Why Did ASIC Costs Blow Out in 2020/2021?

Australian Credit Licensees in the "Intermediary" sector who received their annual invoice from ASIC for the Supervisory Cost Recovery Levy this week would have been in for a shock.