On 1 July 2010 the Australian Securities and Investment Commission (ASIC) commenced regulation of consumer credit and finance broking under the National Consumer Credit Protection Act 2009.
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Register with ASIC before the June 30 deadline
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The Australian Broker magazine reports KPMG's demographer Bernard Salt offering hope to the Finance Broker business future through population growth predictions.
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Remarkable leaders, and remarkable business owners are successful, not because they necessarily possess any greater skill or knowledge of their craft, product or service, but because they are resilient to obstacles.
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Setting up a business is a marathon event. It takes training, dedication and desire to build up strength and sustainability so that when it comes time for the race to start you are in the best shape possible. You are then in control of your race. The race itself is rewarding and your achievement is a proud moment.
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The plight of all business is to convert enquiry into sales. The current market has exposed a decade of strategies as flawed especially in the Financial Services and Banking Industries. Once held "proven growth strategies" have turned into monsters and the impact continues to cascade. The biggest losers are not those who should be held accountable. The biggest losers are consumers and small business because reduced discretionary income means greater discretion in spending. How does Small Business manage to, firstly, attract, then convince the consumer to part with their dollars within a highly competitive environment?
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MyFENG has partnered with Morton Learning to provide REBA CPD courses with up to 7 full CPD points awarded per course:
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Real Estate Agents in the UK are reporting the first increase in sales since the final quarter of 2007.
This is also transferring to increases in mortgage approvals for Finance Brokers.
The confidence barometer is rising and this is a positive sign for the whole industry.
Now that prices are low and interest rates are also low, there has been a returning interest in buying property and credit markets are finally beginning to slightly thaw from their frozen state.
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Today, the Australian Government presented the National Consumer Credit Protection Bill 2009 for public comment.
You can find the Bill and other information relating to the National Consumer Credit regime at the Government's dedicated website.
http://www.treasury.gov.au/consumercredit/content/downloads/Consumer_Credit_Brochure.pdf
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This television interview in two parts, explains why the US approved the TARP "bailout" funding.
It is informative, but also light and at times a humourous explanation of a serious topic. Worth watching
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Today, USA Today published 4 questions and 4 answers from Ben Bernanke, Fed chairman as he explains the whys, whats and hows of the financial crisis.
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Lead generation is often the biggest challenge of small business. Getting the customer in the door and ready to buy from YOU is how you will build a business. It doesn't matter what is you line of business, without customers you have no business. Not only that, but without customers, you have a liability because the cost of resources continues to drain your revenue.
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You just can't put a price on education. It is the only investment guaranteed to return a residual profit.....FOR THE REST OF YOUR LIFE!!
Learning is what we humans do everyday and mostly without even knowing that we are doing it. It's not hard. In fact it is one of the most natural processes of the whole animal kingdom. My dog can learn, if I'm patient and consistent enough with the instructions.
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