Member Type |
Membership FeesEffective 1 July 2021 |
|---|---|
|
Individual Membership Options |
|
|
Individual member - loan writer |
$540 |
|
Individual member - non loan writer |
$158 |
|
Student member |
$158 |
|
Broking Business or Mortgage Management business dealing directly with the public |
$540 |
|
|
|
|
Mortgage Management Business not dealing directly with the public |
|
|
1 - 5 employees / representatives |
$1,010 |
|
6 - 15 employees / representative |
$1,125 |
|
16+ employees / representatives |
$3,685 |
|
|
|
|
Aggregator / Franchise Groups |
|
|
Under 30 |
$2,175 |
|
31 - 100 |
$3,855 |
|
101+ members |
$5,850 |
|
|
|
|
Trustee Company |
$890 |
|
Mortgage Insurer |
$19,300 |
|
|
|
|
Lender / Funder |
|
|
$1B & over |
$19,300 |
|
$350M to $1B |
$13,040 |
|
Less than $350M |
$4,770 |
|
|
|
|
Services |
|
|
Support Service Provider |
$990 |
|
|
|
| Other associated fees, as applicable | |
|
Membership Application Fee |
$125 |
|
Credit Check Fee |
$20 |
|
MFAA Initial Compliance Pack |
$220 |
The Membership Application Fee is for reviewing and processing new membership applications and is not refundable once a membership application has been reviewed.
Once membership has commenced, the membership fee is not refundable.
Please note that a 1.35% merchant fee will be applied to all credit card payments including Visa, Mastercard, American Express and Diners.