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MFAA appoints lobbyist to represent industry

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Australian Broker | 27 Nov 2015, 10:50 AM Agree 0
The MFAA has appointed a lobbyist it says will help to better educate government on the role of brokers
  • MCC | 27 Nov 2015, 11:13 AM Agree 0
    This is an outstanding & critical move. Whether it was stimulated as a reaction to comments made by regulators or not, is irrelevant. It is well known that "Lobbyists" play a key role in making that link with "Government" in all industries, which then assists in policy decisions & settings. Excellent move!!
  • MMW | 27 Nov 2015, 12:15 PM Agree 0
    My question is what is the MFAA's REAL AGENDA?
    As it represents lenders and brokers, my suspicion is this appointment is in response to FBAA's lobbying against clawbacks.
    Funny how MFAA has remained silent on that issue apart from saying it is good for the industry to have clawbacks.
    Most of the aggregators listed are owned by one of the big four, so would they be supporting the brokers which they see as a necessary "evil" as we are providing a service to customers which they are not able to as the results show?
    I would lobby for ALL brokers to join FBAA and leave MFAA to represent the lenders.
    How can MFAA have any clear mission statement as an organisation?
    To put an analogy forward it is like an organisation which represents employers and employees in the same industry.
    The brokers do the hard work (employees) and the lenders pay for our work (employers).
    The terms of our payment is our commissions, so how can MFAA truly speak on this most important issue for us brokers when they also look after the interests of the paymasters - the Lenders?
  • Just Curious | 27 Nov 2015, 02:12 PM Agree 0
    I would have thought this was a part of the CEO’s job - it was for Phil Naylor.

    MFAA said in Sept 15 in the industry press they had educated APRA on brokers, obviously didn’t work out so well for them.
  • Mark | 30 Nov 2015, 08:58 PM Agree 0
    Good work MFAA. Some serious name backers which represent most of us in the industry, along with a top shelf lobby group. The MFAA continues to take the lead on representing us brokers time and time again.
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