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AAMC Training Group

AAMC offers you solutions based training and consulting options. Many Banks, Finance Brokers, Financial Planners, Dealer Groups, Accountants, Real Estate Agents and Insurance Brokers entrust AAMC to train their people with courses available for the whole of the financial services industry. Our consulting services are also popular for those wanting advice on how to improve their business and meet the ever changing regulatory environment. Contact AAMC Training Group today to discuss your current and future needs.

ASIC update on issues since release of the National Consumer Credit Policy guidelines

By: admin|

Recent ASIC presentation to Finance Brokers Forum highlighted the following information and updates relevant to the released NCCP;

The number of credit licences ‘handed back’ this year was 106 nationally. The reasons were either licence holder leaving the industry, or becoming an ACR, about 50/50 ratio
Review of compliance/risk

Blaming GST issues for Australia’s Retail Issues, is totally missing the point.

By: admin|

Sadly everyone is missing the point here in regards to retail and it would not matter if all imported shopping was slugged 10% tax as the price of the purchase would still be well below the cost of buying the same products in Australia. Even online shopping sites in

ASIC releases revised policy on home loan credit assistance, training requirements under RG206

By: admin|

ASIC has today released a revised version of Regulatory Guide 206 Credit licensing: Competence and training (RG 206), with a modified policy on organisational competence and representative training for credit licensees that provide home loans.

The revised policy gives additional flexibility for credit licensees that provide home loans and responds to feedback

Amongst the gloom a star shines, India

By: admin|

Below we bring a summary of the India Internet stats presented by Google India CEO recently. Some highlights include:

600      million people below age 25 – most favourable demographic in the world!
30      million PCs – broadband is primarily going to be via mobile!
ARPU      is $3

Australian Small Business has until 30th January 2012 to register legal interests

By: admin|

Small to medium business in Australia has until the 30th January to register their legal interest in assets held by another party, to ensure they cannot be claimed by a competing creditor if those parties become insolvent.

30 th January is the start date for the new Personal Property Securities

Business ethics what does it mean, why is this a global issue.

By: admin|

Business ethics is really all about doing the right things even when you think no one is watching. I am amazed as I move from country to country including my own country to find that this issue is common across all borders and many people in business feel it is

Australian Personal Property Securities Register new launch date

The government regulators have now set the launch date for the 30/1/2012, after original release date of May 2011 has been delayed due to technology issues.

Australia registered business’s and their teams will need to ensure they are fully ready to comply with the new regulations from that date. For

Who will win in the end, will it be the clients or the single product business model

By: admin|

Basically the diversification model applies to all professions, what you can no longer ignore is it’s all about the client’s needs
and not the business owners, employees needs and visions. Resistance to diversification will be the pathway to many a business’s destruction.

Many people fear increasing their knowledge and skills as

Self Managed Super funds donations to charities and may be breaching release rules

By: admin|

Trustees of self managed super funds who donate to charitiesfrom their Self Managed Super funds may be breaching a condition of release and placing themselves in a position whereby they face a fine of up to $220,000 and or the fund be made non compliant and the fund’s assets

460,000 Self Managed Super Funds in Australia, yet so few qualified advisors, why?

By: admin|

There are on an average 1.8 trustees per self managed super funds in Australia which equates to 828,000 trustees and the number of self managed super funds is growing by the day as more and more people are seeking to control their own destiny with their investments rather than

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