July 21, 2020 01:02pm • ASIC News • Greg Ashe

QED's Perspective: What to Make of the Best Interests Obligation

As you are no doubt aware, late last month ASIC finally released its Regulatory Guide RG273: Mortgage Brokers: Best interests duty. QED produced a very brief communication on this a couple of days after. It was very brief, wrapp...

February 21, 2020 01:02pm • ASIC News • Liam Brown

ASIC Draft Regulatory Guide released on Best Interests Obligation: Will you be looking for a new career post July 1?

Best Interests obligation

The Royal Commission recommended that mortgage brokers be required to act in the best interests of their clients, in line with the existing requirements for financial planners, and the Act itself contains only the vague and...

August 21, 2019 01:02pm • ASIC News • Liam Brown

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 resoundingfavour of Westpac.

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

November 22, 2018 01:02pm • News • Liam Brown

QED Compliance Approved by major lenders

Brokers will be well-aware of the continuously changing landscape in 2018 with how accreditations work. Commonwealth Bank has been the main antagonist in this regard, but QED has been fielding a lot of requests from Licensees whose compliance pla...

September 20, 2018 01:02pm • News • Greg Ashe

The Future of HEM

QED Risk Services has noted recent commentary stating that the Household Expenditure Measure (HEM) is "likely to be abandoned". Not only did QED see this one coming once we read the first few words of the announcement about Westpac, we ...