Connective response to release of mortgage broker bill

Recently, the Federal Treasurer introduced the Financial Sector Reform Bill 2019 into Parliament.

This will implement the Government’s response to recommendations 1.2 and 1.3 of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

In this short 12 minute video Mark Haron, Executive Director, Connective, Director MFAA, Deputy Chair CIF and Daniel Oh, Group Legal Counsel, Connective, discuss:

• the features of the new law
• our position
• what’s next
• what you can do

We’ll be sure to keep you up to date as further information becomes available and continue to influence relevant stakeholders to get a fair outcome for brokers and consumers.

Here are some handy links if you would like more information.

Connective submission to draft Bill

Industry submissions to draft Bill

Financial Sector Reform (Hayne Royal Commission Response—Protecting Consumers (2019 Measures)) Bill 2019

Financial Sector Reform Bill 2019: Explanatory Memorandum