March 2, 2003
CCLC was commissioned by the Australian Securities and Investments Commission (ASIC) to conduct a research project on finance and mortgage brokers operating in Australia. We set out to look at some key aspects of the broker industry in Australia (such as fee/commission structures, access to lenders, etc) as well as the consumer issues that arise out of the use of broker services. The Report was released in March 2003, and contains an extensive analysis of the Australian broker industry, the regulation of brokers, the effectiveness of consumer redress, international regulation of brokers, and suggestions for reform.