Summary
The MFAA has lodged an application for revocation and substitution of an existing authorisation concerning their Disciplinary Rules. The MFAA’s membership includes lenders, aggregators, brokers and associated professions such as accountants and lawyers. The Disciplinary Rules outline processes for investigation of complaints, expulsion of members and appeals against refused applications for membership or accreditation. They also include rules for the MFAA Tribunal. The rules have been authorised since 2004. Most recently the rules were reauthorised in 2014. This authorisation expires on 12 June 2018.
Re-authorisation has been sought for ten years.
The ACCC invites submissions from interested parties in response to MFAA’s application by 31 January 2019. Please see below for a copy of the application and for further details about how to make a submission.
Indicative timetable for assessment of the application
|
20 December 2018 |
Lodgement of application and supporting submission. |
|
10 January 2018 |
Public consultation process begins. |
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31 January 2019 |
Closing date for submissions from interested parties. |
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February 2019 |
Applicant responds to issues raised in the public consultation process. |
|
March 2019 |
Draft determination. |
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March/April 2019 |
Public consultation on draft determination including any conference if called. |
|
May 2019 |
Final determination. |
Authorisation number(s)
- AA1000432-1