"Compliance" can be a pretty misused term but it simply refers to your obligations. When it comes to your Credit Licence, these obligations can be split into two categories:Credit-related obligations - Responsible Lending and Best Interests Obligation;...
The CompliFast Team is aware that some aggregators are finally, after over a decade, asking the question of their Licensee members "Are you managing your ACL properly?".
Of course you are, you have CompliFast. Hello aggregators and welcome to the pa...
In 2023, the industry has been wrangling with the concept of Payroll Tax. Like everything else QED tries to keep you informed on, we thought it was timely for us to try and break this argument down into simple, bite-sized facts for you to absorb.
With the ongoing scrutiny of the broking sector and lenders applying pressure on aggregators to ensure their ACL holders are compliant with the Responsible Lending guidelines of ASIC's Regulatory Guide 209 and the Best Interests Obligation guidelines i...
Credit Licensees now have an obligation to report breaches to ASIC in certain situations. If a breach is reportable and you don't report it, you may be fined or face jail time. ASIC's Regulatory Guide 78 describes four different types of "reportable situations"...