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ARTICLE · 30 AUGUST 2006

Banking & Finance Update

Gadens Lawyers
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A further discussion draft of the WA finance brokers Code of Conduct was recently released for comment. Submissions are due by 9 August 2006.

AustraliaFinance and Banking

A further discussion draft of the WA finance brokers Code of Conduct was recently released for comment. Submissions are due by 9 August 2006.

Use the following links to access:

gadens lawyers summary of the latest draft of the Code

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draft submission

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The attached documents have been revised from earlier versions you may have seen. The main changes since the early version relate to clause 9.1 and 9.2 dealing with disclosure of commissions by "non-bank lenders".

Many of the submissions previously made by the MIAA / Gadens Lawyers have been incorporated into the draft Code. Most commentators seem to agree that the Code now forms a workable regime except for a few remaining issues.

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