Diplomas to be a must for Aussie brokers

by Adam Smith27 Feb 2012

Aussie has announced its intention to require Diplomas for all its accredited brokers.

The franchise operation with 750 accredited brokers has announced that all new inductees will be taken through a three-week induction program, externally accredited as a Diploma.

Aussie said it would also require its existing franchisees to undertake Diploma training in time to meet the MFAA's 1 July deadline.

The company currently has in place a third-line forcing notification requiring its members to be MFAA members. The ACCC is reviewing the notifications to determine if they deliver benefits to consumers or are anti-competitive.

Aussie executive director of sales and distribution James Symond claimed the qualifications would help the company lead the industry.

"Aussie always aims to lead the industry and this is another example where we are ensuring customers are delivered the best and most professional broking service available," he said.

Related stories:

Brokers tell ACCC: 'Get rid of mandatory MFAA memberships'

MFAA review sees ING Direct, Mortgage Choice at odds

Watchdog zeroes in on mandatory MFAA membership


  • by Broker 27/02/2012 11:53:10 AM

    Can I suggest that the MFAA include this farcical proposed "Brokers Practicing Certificate" as an additional subject to the Dilpoma, so as to stop wasting our time and money!!!

  • by JERRY gIBB 27/02/2012 12:09:48 PM

    Aussie stop beating your own drum . I have had my Diploma for 6 months and it is a must if you want to stay with MFAA. Your not doing anything more than complying.