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UID:mortgage-and-finance-association-of-australia-mfaa-ical-7014083bfabedd8
 1455339d37c842162@skillfull.com
DTSTAMP:20261107T091700Z
DTSTART:20261126T030000Z
DTEND:20261126T040000Z
SUMMARY:Webinar - ASIC's best interests duty review: Key findings and what 
 they mean for brokers
DESCRIPTION:ASIC has finally released Report 840\, examining how mortgage b
 rokers are meeting their best interests duty and obligations relating to c
 omplaints handling. Join the MFAA for a discussion of the report’s key f
 indings\, what they mean for mortgage brokers and the broader industry\, a
 nd the practical lessons for broker businesses. The webinar will explore A
 SIC’s observations on loan recommendations\, demonstrating and documenti
 ng how clients’ interests have been prioritised\, and the role of aggreg
 ators in supporting good consumer outcomes. We will also consider the broa
 der regulatory expectations emerging from the review and what brokers shou
 ld be thinking about as they assess their existing practices. This session
  is an opportunity to better understand ASIC’s findings\, the policy int
 ent behind the best interests duty and the implications for the future of 
 mortgage broking. By the end of this webinar\, participants will be able t
 o: 🎯Understand the key findings and recommendations from ASIC Report 84
 0 and their significance for the mortgage broking industry. 🎯Explain AS
 IC’s expectations regarding the best interests duty\, including why the 
 lowest interest rate does not necessarily represent the best outcome for e
 very client. 🎯Identify the importance of clearly demonstrating and docu
 menting the rationale for loan recommendations against a client’s indivi
 dual circumstances\, needs and objectives. 🎯Understand ASIC’s observa
 tions on complaints handling and aggregator oversight\, and their implicat
 ions for broker businesses 🎯Identify practical lessons from the review 
 and areas where brokers may wish to assess their existing processes and pr
 actices.
URL:https://www.mfaa.com.au/event/webinar-asics-best-interests-duty-review-
 key-findings-and-what-they-mean-for-brokers
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