Compliance Made Simple
QEDCompliFast is an online compliance management program to ensure 100% NCCP Compliance. It provides 8 MFAA or FBAA CPD Hours per year, it's easy to use and will save you hours of time - you don't have to think about what to test and document to meet your ASIC obligations. QEDCompliFast does it for you!
Join CompliFast $57.00 per month
Manage your NCCP Compliance
About ACL & NCCP Compliance
Australian Credit Licensees are required to renew their Licence with ASIC every year via the Annual Compliance Certificate.
To meet the ongoing requirements of an Australian Credit Licence, licensees are required to have
- written policies and procedures for each of the general conduct obligations (listed above)
- a systematic process of testing yourself against these policies
- and evidence that you are performing that testing, documenting the results and taking action to fix areas that were found to be non-compliant?
QED Risk Services, providers of QED CompliFast, has long been of the view that the finance broking industry's understanding of "compliance" is limited to its NCCP obligations and, more specifically, to the responsible lending obligations. This is perfectly illustrated by the fact that almost 100% of the industry refers to the NCCP disclosure documents (Credit Guide etc) as "my compliance documents".
Annual Compliance Certificate
Each year Australian Credit Licence holders are required to lodge their Annual Compliance Certificate with ASIC – essentially your Licence renewal. This must be done within 45 days of the Licence anniversary date and most ACLs were granted between October and March.
QED CompliFast is a quarterly compliance program – it monitors different areas of your business each quarter, so it's not overwhelming! QED CompliFast is fast and easy to use with just 4 simple steps.
How it works... 4 easy steps
Read your quarterly information pack to use as a guide before you start your compliance monitoring, a simple read before you start.
Quarterly questionnaires to complete an overall assessment of your business regularly, which ASIC expects.
What our clients say
"I can already see so much value in utilising QED's services."
Melbourne Mortgage Broker
"I'd like to compliment QED for the excellent support I've got so far. Under the fast changing environment, I felt a lot more comfortable with QED behind us. I have always been pleased with the quick response I received, your professionalism and willingness to help exceeded my expectations. You can be sure that I will keep being with you and I will definitely recommend you to my other business partners."
Lodestone Capital Group
"The CompliFast report is invaluable in helping me understand where our shortfall lies in our first year of business."
Mortgage Broker QLD
"Thanks for the updates and info, they are good triggers and we genuinely do love the program"
Mortgage Broker QLD
"I've been with QED CompliFast for some time now and when QED helped me with an ASIC audit, I was very happy with their professionalism and helpfulness. CompliFast takes away the focus of compliance so we can focus on business! The CompliFast quarterly test is very effective to help us ensure that our compliance is on track which is really helpful. QED has a unique spot in the market to help brokers and you can seek their professional opinion when you have issues and nowhere to turn to. I highly recommend QED and CompliFast to other brokers."
C Loans, Victoria
""CompliFast is great! As a one-man band with no business partners or support staff it keeps me accountable and gives me time to work on the business. CompliFast is a friendly reminder that you need to spend adequate time working on the business as much as in the business!""
Dynamic Loans SA
"CompliFast is not hard! You just need to read your quarterly information pack and go through your obligations in an easy questionnaire. The support is great with an opportunity to ask questions and get help."
NASH Finance, Victoria
"I'm glad I came across this software. I was thinking that there has to be an easier way to do compliance and CompliFast is just what I was looking for. My License is worth a lot to me and CompliFast gives me peace of mind."
Wize FInance, SA
"The CompliFast system is very user friendly, and the CompliFast team also provide definitions and guidance to complete reports quickly and accurately. A good system with good support."
Accumulus Home Loans, NSW
"For a small business, when it's easy to be focused on day to day activities and push aside higher level dealings, CompliFast enables you to refocus on these elements. 'If you're concerned about individual trees all the time, you won't focus on the forest', but CompliFast helps you to do this easily."
"CompliFast allows me to stay on track of the complexity of compliance. It has the right structure to prompt for right actions at the right time, and I don't need to schedule them myself. CompliFast staff are helpful, knowledgeable and ready to assist at call."
Proper Finance Solutions, VIC
"CompliFast really lifts the burden of compliance and is an easy to use process!"
MC & RC
"You know what I like about your company? 1 - The fact that you communicate so clearly; 2 - that you are truly a leader" you had no reason to write this, yet you took it upon yourselves to provide thoughts and ideas without any need for a reward" which places you in a position of providing more relevance that virtually any other provider in the market" aggregators included; 3 - The thought that goes into your comments shows that it has been considered. Please keep up the good work."
Freedom Home Loans
"CompliFast is really nice and easy to use and will keep us all on track with our compliance rather than wondering what we need to do each quarter."
Strategies 4 Finance
"My quarterly compliance review with CompliFast took about 30 mins to complete. It was a straight forward process - a few areas were highlighted where I needed to make adjustments to demonstrate NCCP compliance. In most cases this was dealt with on the spot. I believe simple and frequent reviews are key to maintaining NCCP compliance and CompliFast helps my business achieve this with a minimum of fuss. I'm also confident that continuing to use CompliFast will help us to maintain, if not improve our NCCP compliance."
Sage Lending Solutions
"CompliFast is brilliant. You know how it all works based on the walkthrough, and it brings peace of mind to each quarter. I'll tell my colleagues about it."
Mortgage Broker, WA
"I love it! It's very professional and what every broker needs. How can any brokers do business without it?"
Independency Pty Ltd, NSW
"As a business owner and a mortgage broker I'm time poor and I need tools to get my compliance done. CompliFast is terrific. It's easy to do and makes a massive difference!"
Mortgage Broker, NSW
"I do the compliance in our business and I like CompliFast - it's an external review. We like to give the clients the comfort that their information is secure. CompliFast adds to our credibility."
Singh Finance, NSW