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Licensing and registration requirements by State
Other States |
In Qld, SA, Tas and the NT there are no licensing nor registration requirements to operate as a finance broker.
Your broker should also be a member of the MFAA (Mortgage and Finance Association of Australia) or the FBAA. The membership application process is stringent
with requisites of experience, industry sponsorship, and probity checks.
All members must join the independent dispute resolution service, the Credit
Ombudsman Service Limited (COSL), or a recognised Australian Securities and Investment Commission (ASIC) approved equivalent. This industry body requires
a minimum level of experience in the industry or minimum educational qualifications. They also require a continuation of training.
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| Contact PLAN Australia
| About PLAN Australia
| Resources
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