(From AFR 28/3/2019) ANZ Banking Group chief executive Shayne Elliott has rebuffed Australian Securities and Investments Commission chief prosecutor Dan Crennan’s ambitions to lock bankers in jail, arguing regulators should prioritise a “fully functioning financial system” to support the economy. Mr Elliott warned the corporate regulator’s tougher enforcement of responsible lending laws is hurting would-be[Read more …]
[Continue reading...]Talk Around Town
WOW… JUST WOW, The Banking Royal Commission has unearthed a raft of allegations against the major Banking institutions in the land. Alleged bribery, forged documents, repeated failure to verify customer’s living expenses before lending money and misselling insurances to people who can’t afford it. All the four Banks; CBA, ANZ, NAB and Westpac have been[Read more …]
[Continue reading...]Congratulations – 15 Service to Transport Finance
Firstly, Brett Bentley has clocked up 15 years with the company. Congratulations Brett and the time and effort you have put in over the journey. Starting as a Finance Manager in Geelong, before taking ownership/director status in 2008, it has been a pleasure working with you over the years and we value what you bring[Read more …]
[Continue reading...]Transport Finance Commercial/Residential Banking Offering
We are about to launch an in-house avenue for our clients to access commercial and residential lending products. We have identified an outstanding candidate to join the team and his task will be to work through a list of our existing client files and analyse ways in which we can provide savings to you on[Read more …]
[Continue reading...]What size is the Finance Broker Market in Australia?
Equipment Finance Market $34.7B in New Volumes Annually The Finance Broker market is defined as Plant & Equipment Assets – not Mortgage/Residential lending. There is a year on year increases as this sector continues to grow. There are several specialists such as Transport Finance, who concentrate on particular industry sectors and bring a level of[Read more …]
[Continue reading...]Infrastructure Around Australia
Infrastructure Australia has identified over $55 Billion of nation-shaping projects on the Priority List, plus an additional $25 Billion of projects now off the list and under delivery across the country. Highlights Government infrastructure spending across NSW, Victoria & Queensland expected to rise 36% from FY17 to FY19. NSW expected to increase by 50%, Queensland[Read more …]
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