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Westpac Case Gives ASIC a Reality Check

ASIC News

Westpac Case Gives ASIC a Reality Check

In a turn of events that surprised even QED, on Tuesday the judgment in the landmark ASIC v Westpac responsible lending case was handed down in resounding favour of Westpac.

Notwithstanding any appeal, the judgement has a resounding impact on how se...

ASIC more open to rethinking 'Responsible Lending'

ASIC News

ASIC more open to rethinking 'Responsible Lending'

ASIC has opened consultation on the much-awaited revision of Regulatory Guide 209.  It is believed that banks have been quite instrumental in finally forcing ASIC's hand. In short, the industry wants more direction and less prosecution.

This ha...

What to make of the Hayne Royal Commission

ASIC News

What to make of the Hayne Royal Commission

Like the entire mortgage broking industry, the QED team was aghast at the recommendations of the RC on 4 February.

We have contributed enough to the outcry and anguish regarding the proposed changes to broker remuneration. If you are reading this, y...

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