SO WHERE IS APRA NOW?  HOW MUCH POLICING DID IT DO POST 2003?  DUMB APRA JUST SENT OUT MEMO'S TO BANKS

ADI's = APRA's fancy name for BANKS   Or shall we say:  APRA'S Devious Institutions

“Over half of the institutions (53%) base the broker’s remuneration solely on the volume of business generated, providing brokers with an incentive to generate loan volume without appropriate regard for risk. With such an incentive structure, it is critical that ADIs have procedures in place to ensure their own credit assessment standards are rigorously applied to broker-introduced loans.17(APRA 200

My loan inception 2007, thank you RHG for your rigorous  credit assessment standards!!     I have a letter from you that states you relied upon the application to assess the funds-the application that you guided the broker to complete, yes I have those emails from the broker receiving very specific instructions from you on how to get the loan 'across'-

Your day of truth will come RHG............. you will no longer bully me onto the street with my children!