FBAA PRESIDENT'S MESSAGE
Dear Members,
Here we are now in July going into August and the NCCP Phase 1 is with us - and the end of the financial year to 6/10 behind us. There have been over 10,000 registrations to hold an ACL or to be a Credit Representative which is a great testament to the resilience and strength of our industry.
Phase II for the NCCP continues with meetings temporarily put on hold due to the upcoming elections late August.
For those of you whom provide consumer lending broking services, You now need to start and consider if you wish to hold an ACL (Australian Credit License) or act as a Credit Representative to an ACL holder if you have not already done so. You have until December 2010 to have this finalized and please refer to ASIC's website www.asic.gov.au for guidance or ring our office and we will endeavour to answer your queries where possible.
Peter J White
President - FBAA
To assist you with your compliance obligations make sure you get your copy of the NCCP Toolkit as bought to you through AAMC - you can access how to get this via the FBAA Website www.fbaa.com.au
Don't pay thousands of dollars when the FBAA-AAMC NCCP Toolkit is yours for a fraction of the cost.
It was with great honor I was invited, albeit unable to attend, to speak in China at the International Hi-Tech Expo Convention in Beijing late May 10 on issues surrounding funding for low carbon and environmental developments, and have spoken at many industry seminars and conferences around Australia over the past year. I look forward to being able to attend more such conferences and seminars around Australia over the coming year and to possibly attending next year's Expo in China so to further promote and endorse the FBAA's position of knowledge and industry recognition here and internationally.
The FBAA's intake of new memberships continues to grow and we have recently taken on additionally staff to assist with the administration of the Association and to better and more proactively assist you with your enquiries. You can meet them and our key staff later in this edition.
Financially from a preliminary EFY position, the FBAA is financially strong than ever and continuing to grow in calculated strides and strength of our members as we progress into the next financial year.
We have many events happening over the coming months across the country to the yearend, so please ensure you look at the events calendar in this edition and as it is updated in each issue.
It is with great pleasure I introduce to you our new State President in Western Australia Eravanan Rao (Rao to his friends) from Rao Future Finance in Nedlands WA. You can read more about Rao in this issue and we look forward to the skills and the initiatives he will bring to WA.
Well now if you have not registered your interest to be a member of the new TFP Co-Operative Limited you'd better hurry as the formal launch of the Co-Op is shortly upon us and the national road-show will be held in the coming weeks. So register now so you will be able to access the products and services the Co-Op has to endeavour to assist you earn more income and reduce you expenses!
Have a great start to the New Financial Year and I look forward to seeing you in the Co-Op.
Peter J White JP AFB CPFB
National President and Chairman of the Board of Directors
Email: president@financebrokers.com.au