February 21, 2020 09:14pm • 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 09:14pm • 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 09:14pm • 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 09:14pm • 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 09:14pm • 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...