Industry: Financial services
Headquarters: North Sydney, New South Wales, Australia
About Need a Broker
NIBA has long held the view that a professional insurance broker should hold appropriate qualifications for the work they do on behalf of the clients, and the NIBA board was very pleased to sign off on the ASIC submission to raise standards in this area,” he said. Regulatory Guide 146 currently applies only to people providing general or personal advice to retail clients, and the highest standard required is partial completion of a Diploma in Insurance Broking, known as a Tier 1 accreditation.
Legislation to raise the professional, educational, and ethical standards of financial planners was passed in February 2017 but exempted general insurance brokers. ASIC has recently advised it would welcome a proactive submission from NIBA in relation to determining appropriate education standards for brokers.
Need a Broker Contact Details
Address: Level 11, 20 Berry Street
North Sydney, NSW 2060, Australia
Website: needabroker.com.au
Contact Mail: niba@niba.com.au
Need a Broker Phone Number
(02) 9459 4300, +61 2 9964 9400
