Will Australia ban mortgage brokers' commissions? Will NZ follow?

Mon, 04 Feb 2019

By Jenny Ruth Feb. 5 (BusinessDesk) - Australian Royal Commissioner Kenneth Hayne delivered a devastating blow to commission salespeople – or financial advisers, depending on your point of view – but Australia’s Treasurer Josh Frydenberg is baulking at implementing the proposed ban. Out of Hayne’s 76 recommendations, the one on banning mortgage brokers from taking commissions from the lenders they place loans with is the one Australia’s coalition government singled out as problematic, particularly in light of Australia’s already sagging h...

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