Please see the below MFAA Best Interests Duty learning materials and related ASIC updates.
BID & Conflict Priority Rule learning module
The MFAA has released a compulsory education module titled ‘The Mortgage Broker Best Interests Duty and Conflict Priority Rule’. These materials have been developed in collaboration with law firm Dentons and after extensive consultation with ASIC.
BID Panel discussion
The MFAA BID panel session was conducted at the Virtual Conference 2020. This session is a good summary of the key points, impacts and benefits of the Best Interests Duty.
ASIC updates
ASIC is issuing regular updates on the Best Interests Duty, Conflict Priority Rule and related topics in response to frequently asked questions.
BID marketing resources
A guide including 50 statements for mortgage brokers to use in their marketing material. Available to MFAA members to download via Member Resources.