On 13 September 2021, the Finance Brokers Association of Australia Limited (FBAA) applied for revocation of authorisations A91554 and A91555 and substitution for a new authorisation for similar conduct for a further 5-year period.
In 2017, the ACCC granted authorisation to the FBAA in respect of part of its disciplinary scheme to enforce the FBAA Code of Conduct, until 15 March 2022.
FBAA, on behalf of itself, its directors and members, seeks re-authorisation of its disciplinary scheme (the ‘Disciplinary Rules’ and certain clauses in its Constitution) for dealing with disciplinary disputes involving members of FBAA, who are finance and mortgage brokers. All members of the FBAA are bound by the Disciplinary Rules and Code of Conduct.
On 8 December 2021, the ACCC released its draft determination, proposing to re-authorise FBAA in respect of its disciplinary scheme for another 5 years.
On 16 February 2022, the ACCC issued its final determination, granting re-authorisation to FBAA until 10 March 2027.
The ACCC’s final determination, draft determination and a copy of the application for re-authorisation are available below.
|ACCC to Interested Parties re Draft Determination ( PDF 131.19 KB )||8 Dec 2021|
|ACCC to Interested Parties re Consultation Process ( PDF 132.15 KB )||25 Oct 2021|