February 21, 2020 11:18pm • 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 11:18pm • 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 resounding favour of Westpac.

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

November 22, 2018 11:18pm • 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 11:18pm • 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 ...

May 24, 2018 11:18pm • News • Pursuit Compliance Team

Car Finance Borrowers don't just need a car!

Car Finance Borrowers don't just need a car! 'Requirements and objectives' for Asset Finance Responsible Lending

 

QED has revisited the Judgement in an important case, ASIC v Channic (2016) for some further guidance on the topic of Responsi...