Mortgage and Finance Association of Australia


On 19 November 2021, the MFAA lodged an application for revocation and substitution of an existing authorisation concerning their its Disciplinary Rules. MFAA is seeking re-authorisation for its revised Disciplinary Rules. The MFAA’s membership includes lenders, aggregators, brokers and associated professions such as accountants and lawyers. The Disciplinary Rules outline processes for investigation of complaints, expulsion of members and appeals against refused applications for membership or accreditation. They also include rules for the MFAA Tribunal. Broadly, the amendments seek to simplify the wording of the Disciplinary Rules, remove duplication and clarify some of the processes of the MFAA Tribunal. The Rules have been authorised since 2004 and were most recently reauthorised in 2020. This authorisation will expire on 21 March 2022.

Re-authorisation is sought for five years and MFAA has also applied for interim authorisation to allow it to continue to implement its existing Disciplinary Rules while the ACCC assesses the substantive application.

The ACCC is currently seeking submissions in relation to the Applicants’ application for interim authorisation and re-authorisation by 10 December 2021. An indicative timetable for the ACCC’s assessment is set out below.

Indicative date

Stage in assessment process

19 November 2021

Lodgement of application and supporting submission.

25 November 2021

Public consultation process begins.

10 December 2021

Closing date for submissions from interested parties.

December 2021/ January 2022

Applicant responds to issues raised in the public consultation process.

February 2022

Draft determination and interim authorisation.

February 2022

Public consultation on draft determination including any conference if called.

March 2022

Final determination.



  • Mortgage and Finance Association of Australia

Authorisation number(s)

  • AA1000589-1


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