The Australian Securities and Investments Commission’s (ASIC) review of brokers’ best interests duty (BID) has raised questions about loan recommendations, documentation and what good client outcomes look like.
While the statutory BID review does not directly apply to commercial lending generally, its findings raise questions about the standards commercial brokers should apply when recommending finance. In a market where price is only one part of the equation and deals can be far more complex, what lessons can the industry take from the review?
Join Broker Daily’s Julian Barnes and commercial finance broker Trent Carter to unpack those lessons, including how to justify recommendations, document lender comparisons and manage situations where only one lender is willing to do a deal.
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Julian Barnes
Author
Julian Barnes is a senior journalist for Broker Daily, one of Momentum’s mortgage titles.
He covers residential, commercial and business lending, with a focus on technology, product innovation, economic trends and the issues impacting brokers and the wider industry.
Julian also hosts Broker Daily’s podcast network, including Finance Specialist, Business Accelerator, Broker Daily Uncut and Broker Daily Spotlight.
Before joining Broker Daily in late 2025, Julian worked as a journalist in the UK for Clearsky Publishing and Tindle Group.
Get in touch with Julian at This email address is being protected from spambots. You need JavaScript enabled to view it.
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