This document sets out the terms and conditions on which Finance Brokers Association of Australasia Limited ABN 22 094 784 040 (FBAA) make available the site https://www.beforeuloan.com (Site).

In these Terms and Conditions "you" refers to a user of the Site and any related services.

We may amend these Terms and Conditions at any time by posting the amended terms on the Site. These Terms and Conditions may not be otherwise amended.

The FBAA Privacy Policy forms part of these Terms and Conditions. Please read and consider the Privacy Policy before accepting (or declining) the terms and conditions in this User Agreement.

Access to this Site is conditional on your acceptance, without alteration, of these Terms and Conditions.

The material on this web site is only to provide you with general information. It does not constitute legal or other advice and your use of the material on this web site does not give rise to any obligation on behalf of the Finance Brokers Association of Australasia (FBAA) or any author of any material on the web site.

The information, materials and resources contained within this Site are provided for general informational purposes only and within the context of providing our services. We provide no guarantee or warranty as to the suitability or accuracy of any information contained in this Site. Furthermore, the information provided on this Site does not constitute legal advice.

References and links to other websites, businesses or persons are provided solely for informational purposes. We accept no responsibility for any content appearing on other websites and makes no warranty of the suitability or accuracy of information on those sites. The fact that a link to such a webpage may be included on the Site does not mean that FBAA, in any way, endorses, promotes or are associated or affiliated with that site or any of that site’s content.

We have and retain copyright in all works contained in this Site. We licence you to reproduce those works only if:

  • the reproduction is for private or non-commercial purposes; and
  • you ensure that the works are clearly attributed to FBAA.
Limitation of Liability

We do not guarantee continuous, uninterrupted, or secure access to the Site and operation of the Site may be interfered with by numerous factors outside of our control.

Except as provided by law, we provide the Site ‘as is’ and without any warranty or condition, express or implied. To the maximum extent permitted by law, we specifically disclaim the implied warranties of title, merchantability, fitness for a particular purpose and non-infringement.

We will not be liable for any lost profits or any special, incidental, or consequential damages (however arising, including negligence) arising out of or in connection with this.

Memberships Terms and Conditions 

In order to obtain/hold membership with the FBAA, either originating or renewing membership (both being individually defined as an “Application”), you agree and understand the following documents are to be provided by yourself for FBAA membership:

  • Certificate IV in Finance and Mortgage Broking (FNS40815) or equivalent to current Finance Industry standard.
  • FBAA Compliance Fundamentals Training 
  • FBAA Compliance Fundamentals Booster Training*
  • Financial Abuse Awareness Education Banking Code of Practice
  • National Police Check
  • Credit Report including Bankruptcy Report
  • Current Professional Working Resume 
  • Two forms of identification with one being Australian Government
  • External Dispute Resolution - AFCA Certificate
  • Current Professional Indemnity Insurance
  • Australian Credit License (ACL) *
  • Authorised Credit Representative Number (CRN)*
  • Letter of Employment*
  • Confirmation of Mentoring Letter completed by the Mentor & Mentee* 
  • Mentor Current Membership Certificate*
  • Mentor Current professional resume*
  • Completion of Mentoring Letter*
  • Change of Mentor form*
  • 4 x Professional References
  • ASIC Company Extract*
  • AML/CTF 
  • AML/CTF Refresher
  • 25 Hours Continuing Professional Development Hours*

*These documents are dependent on the Membership Category, and will need to be provided where applicable. 

In the event that you provide false, erroneous or misleading information, the directors of the FBAA may resolve that you are not suitable for membership because providing false, erroneous or misleading information is contrary to this purpose. In this event, the FBAA may cancel your membership and will contact external parties to notify them that your membership has been cancelled.

Payments

By submitting this originating or renewing membership application payment (both being individually defined as an “Application”), you agree and understand each of the following:

The contents of this Application (including all uploaded documents) are true and correct.

You will provide any further requested documents that have not already been uploaded or information within the required period specified.

The FBAA may contact external parties (such as police services, ASIC, aggregators, lenders, other brokers, insurers or business development managers) to corroborate the contents of this Application.

The cost of the Application consists of a membership fee and an administration fee. If the Application is declined, only the membership fee will be refunded.

This Application includes information regarding other individuals (such as my referees and any referrers). The FBAA will collect this information in order to contact them for the purpose of considering your Application. You have obtained the consent (and can provide such consent to the FBAA on request) of each of the individuals identified in this Application and understand that the FBAA is processing my application on the basis that you have these consents.

Any membership provided is subject to your providing any further documents required and the outcome of FBAA auditing of my application (which may include requests for further information). The FBAA is established for purposes including supporting, protecting and advancing the character, status and interests of the Finance Broking profession. In the event that you provide false, erroneous or misleading information, the directors of the FBAA may resolve that you are not suitable for membership because providing false, erroneous or misleading information is contrary to this purpose. In this event, the FBAA may cancel your membership and will contact external parties to notify them that your membership has been cancelled.

Additional Information

Other Fees

  • Administration Fee (once off upon initial application and non-refundable) $115.00*
  • Reactivation Fee (for reinstating a lapsed membership) $115.00
  • Member Initiated Amendment Fee $115.00*
  • FBAA Compliance Fundamentals Training $198.00 (Request coupon code)
  • AML/CTF Refresher Course (required every two years) $49.50 (Request coupon code)
  • All fees are GST inclusive.

* The Administration Fee is non-refundable and is for processing your application, irrespective of the outcome. If your application for membership is declined, the membership fee (not the administration fee) will be fully refunded. A Member Initiated Fee will apply if the changes in an existing membership status results in a member refund. In all other cases, membership, and other fees, are not refundable once paid.

Member Ceasing to be a Member

In line with the FBAA Constitution items 11, 11.1 & 11.2 no refunds or part refunds will be given on membership subscriptions.

11. Ceasing to be a Member
11.1 A person will cease to be a Member of the Company if:

(a) that person resigns in accordance with clause 12; or

(b) that person is expelled under clause 13; or

(c) membership is forfeited under clause 10.3(b); or

(d) where the Member is an individual, the Member:
(i) dies;
(ii) becomes of unsound mind or the Member's person or estate is liable to be dealt with in any way under the laws relating to mental health; or
(iii) is convicted of an indictable offence;

(e) where the Member is not an individual, if:
(i) a liquidator is appointed in connection with the winding-up of the Member; or
(ii) an order is made by a Court for the winding-up or deregistration of the Member.

11.2 Any Member ceasing to be a Member:

(a) will not be entitled to any refund (or part refund) of a subscription; and

(b) will remain liable for and will pay to the Company all subscriptions and moneys which were due at the date of ceasing to be a Member.

Credit Card Authorisation For Auto Payment (Annual) Of Membership Fees 

By opting in for auto payment (annual) membership fees, you agree and understand the following:

We may collect personal (including sensitive) information from you when seeking membership with the Finance Brokers Association of Australasia Limited (FBAA). This information may include contact details, details of your credit or debit card and related information provided to the FBAA or Stripe (together ‘payment information’) for the purpose of making payments to the FBAA.  The way that the FBAA collects, holds, uses and discloses personal information is set out in our privacy policy here .

The security of your information is our priority. Where you provide your payment information via this website or any payment gateway made available via this website, you will be providing your payment information to Stripe, a global company that the FBAA has been advised complies with the Payment Card Industry data security standards.  Upon providing your payment information, Stripe will store your payment information (including details of your credit or debit card), assign it a random string of number or a “token” and provide that token to the FBAA, which the FBAA will use to arrange for payments to be made to the FBAA on your nominated card.  The FBAA does not separately collect and hold all your payment information as part of this process.

By ticking the 'enable auto payment' box, you agree to allow Stripe to collect, either directly or through the FBAA, your payment information and provide a “token” to the FBAA and, you agree to allow the FBAA to hold and use your tokenised card details with Stripe for the purposes of arranging payments to the FBAA in respect of your membership fees. Your renewal fee will be automatically deducted from your nominated card 14 days before your annual renewal date each year. You will receive confirmation once the payment has been processed. This authorisation will remain in effect until cancelled. You may elect to remove your automatic payment at any time by contacting our office on 07 3847 8119.

Payments by Shift Financial Pty Ltd trading as Shift

By opting to use Shift Trade as your payment method, in addition to the terms and conditions of ‘payments’ to the FBAA, you agree and understand the following:

Shift is offered by the FBAA as a payment method, noting the FBAA does not receive any commissions or fees in conjunction with this service.

Shift Trade do not run credit checks on the broker if they apply through the FBAA link or vial FBAA referral registrations.

Terms and Conditions for the use of Shift are in accordance with Shift’s T&Cs as set out here https://www.shift.com.au/terms-and-conditions/.

The way Shift collects, holds, uses and discloses personal information is set out in their privacy policy which is set out here https://www.shift.com.au/privacy-policy/.