NZ will be "balanced" on commissions and won't single out mortgage brokers

Wed, 13 Mar 2019

By Jenny Ruth March 14 (BusinessDesk) - The New Zealand government says it won’t single out mortgage brokers and that its approach to commission payments will be “balanced.” That follows the Australian Federal Government’s decision earlier this week to cave on the royal commission recommendation to ban lenders from paying trail commissions to mortgage brokers. When Kenneth Hayne delivered his report and 76 recommendations in early February, the Australian government quickly backed away from the recommendation to ban the payment of up f...

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