August 19, 2021 06:14am • ASIC News • Greg Ashe

QED's Perspective: How ASIC's New Reforms Affect Your Business

In response to the six new laws that are set to impact the financial sector from October 2021, we say NBD.

These ASIC enforced reforms will address recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. As far as how these may affect you...

July 21, 2020 06:14am • 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 06:14am • 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 06:14am • 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 06:14am • 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...