RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Example Interest Rates: Home Loan Variable: 5.38% (6.14%*) • Home Loan Fixed: 5.44% (6.26%*) • Fixed: 5.44% (6.26%*) • Variable: 5.38% (6.14%*) • Investment IO: 5.69% (6.52%*) • Investment PI: 5.49% (5.98%*)

Shad of the Day, 8th January 2023

Shad of the Day, 8th January 2023.

You can tell this broker has made an effort, and it's highly likely that it's a broker campaign rather than something supported by a digital agency because of its crude nature (if the latter were true, we'd have a big problem).

Seven primary compliance breaches, of which the first is fairly obvious - the lesser value assigned to the comparison rate. It doesn't matter if the comparison rate isn't entirely valid - rules are rules.

Showing a 'You Qualify' message regardless of the supplied data has to stop. It's a lie, it's unethical, it's non-compliant, and it's baiting - the lowest form of leadgen. False advertising is always illegal, but doing so in the finance industry carries a special type of punishment.

Using a 'qualifying quiz' is always a problem because most brokers invest in blatant non-compliant solutions. We'll share a better solution on our website tomorrow.

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