Flex Commissions

In order to assist you in meeting the Best Interests Duty & Conflict Priority rule, as of Jan 1 2021, Loan Market policy requires all brokers to dial down flex commissions to the lowest possible rate for any consumer loans (including personal loans) where this option exists. 

As per ASIC’s advice,  a broker is unlikely to be complying with the Best Interest Duty & Conflict Priority Rule (RG273) if they do not adhere to this. 

Please note that this does not apply to commercial lending.

For more information please email compliance@loanmarket.com.au