Home > Commercial Asset Finance Brokers Association of Australia - representing equipment finance industry at the national level

Commercial Asset Finance Brokers Association of Australia - representing equipment finance industry at the national level

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The result of the merging of two major stated based finance industry associations, the Commercial Asset Finance Brokers Association of Australia (CAFBA) describes itself as the first national professional body representing commercial asset finance brokers.

The Association was established in February 2008 with the merging of the Australian Asset Finance Association and the Australian Equipment Finance Association.

These two Associations had been the peak Victorian and New South Wales bodies for the industry respectively, with a joint membership that represented over 90 major equipment finance brokers.

With the formation of CAFBA, the activities of these two state based bodies are now combined as one stronger unified national body, with one platform and common approach for dealing with financiers and regulators at a national level.

CAFBA membership, then, provides valuable recognition for equipment finance brokers, as potential borrowers and lenders can be assured that members are accepted by their peers within the industry as suitably qualified by background and reputation.

The Association now comprises 155 Full Member Firms with just under 500 Associate Members. In addition, a number of major equipment financiers support and strengthen CAFBA as Affiliate Members.

On an operational level, CAFBA represents the interests of its members by assisting with regulatory, governmental matters, bank and finance companies issues.

The Association also acts as a self-regulating body, seeking to ensure high professional standards within its membership and the industry as a whole.

CAFBA achieves this by having:

  • a formal "Code of Conduct"
  • minimum membership requirements
  • education standards
  • disciplinary procedures to deal with any potential breach; and 
  • a broker-lender agreement to assist members and financiers to form a basis for accreditation agreements.

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