Best interests duty

Feb 08, 2021

As has been well established by now, the best interests duty (BID) came into effect for mortgage brokers on 1 January this year.

Sep 03, 2020

The best interests duty reforms will take effect from 1 January 2021, and there will be consequences for brokers that fail to comply with their obligations. We’ve compiled some examples of good notes to help you get ready.

Aug 27, 2020

In our ‘State of the Industry Update – loan deferrals and best interests duty’ webinar, hosted by Mark Haron, Executive Director, Connective, and Daniel Oh, Connective Group Legal Counsel, they discussed loan deferrals: the latest updates and what you can do to support your clients best interests duty (BID). As well as what you need to do now to be BID ready and examples of what good looks like.

Jul 13, 2020

We all know how much work mortgage brokers put in behind the scenes to get a deal across the line. But this process isn’t always transparent to the client. All of that is about to change with the best interests duty legislation (BID), which will come into effect on 1 January 2021.

Jul 09, 2020

In our state of the industry update webinar hosted by Mark Haron, Executive Director, Connective joined by Daniel Oh, Group Legal Counsel, Connective, provided an update on best interests duty (BID).