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ARTICLE · 27 MARCH 2008

Challenges For The Mortgage Industry – March 2008

Gadens Lawyers
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2008 presents a number of challenges for the mortgage industry. Besides the credit and liquidity problems and some falling property values, there is a significant legislative agenda.

AustraliaFinance and Banking
Jon Denovan
Jon Denovan

2008 presents a number of challenges for the mortgage industry. Besides the credit and liquidity problems and some falling property values, there is a significant legislative agenda.

This article attempts to bring together in one place the key current legislative proposals. In most cases, times for commencement are not available, and not all of the proposals may proceed.

  • National uniform regulation of finance brokers. Submissions have been lodged and there will most likely be another round of consultation. No start date is envisaged before 2009. See the Finance Broking Bill 2007, which is a discussion draft only.

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