August 21, 2019 07:15pm • 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...

August 28, 2017 07:15pm • ASIC News • Liam Brown

Is your accreditation at risk? What ASIC wants from brokers

What is ASIC looking for in the second half of 2017?

July 05, 2017 07:15pm • ASIC News • Greg Ashe: Director, QED Risk Services

What you need to know about the ASIC Supervisory Cost Recovery Levy

You may be aware that, last month, the Federal Government passed legislation that is intended to fully fund ASIC's supervisory costs. Unfortunately, the legislation is quite poorly thought out and it is impossible to accurately predict exactly wh...

October 31, 2016 07:15pm • ASIC News • Bobby Woon, QED Risk Services Compliance Consultant

Brokers: Key findings from ASIC Report 493 Interest-Only Loans and what it means for Responsible Lending

At QED Risk Services, we have always emphasised the importance of detailed data gathering in demonstrating compliance with the Responsible Lending Obligations.

The September 2016 release of ASIC Report 493 Interest-Only Loans confirms what we have b...

September 26, 2016 07:15pm • ASIC News • Paul Schultz

ASIC recently announced CBA failed to meet its Responsbile Lending Obligations

ASIC recently announced CBA would be fined $180k for failures in meeting its responsible lending obligations. CBA self-reported the matter to ASIC after identifying a systems failure in calculating consumers' ability to service approved overdrafts, aff...