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Commercial Asset Finance Brokers Association

The national peak professional body of the equipment finance industry.

 

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Advocacy

Representing you. CAFBA advocates for the equipment finance industry to federal and state governments and the regulators on issues that affect our industry
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Training and events

Network and learn. From professional development days to web-based programs, CAFBA provides you with the knowledge and resources to help you succeed.
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Membership

As a professional commercial equipment finance broker, joining CAFBA will provide you with the skills and backing that only the peak national association can provide
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latest news

Six Forces Changing the Global Economy

We all know the global economy is changing at a rapid rate, and as business owners we need not only stay abreast of changes, but be open to them.  At a recent event I attended, Westpac Commercial Bank Head David Lindberg spoke of these changes and their implications. Afterward I felt so compelled I went on to do some more research and discovered some interesting stats I share in this article.   SERVICES AND AGRICULTURE The industries driving the Australian economy over the coming 10-20 years will be Services and Agriculture. Services Services contribute about 75% of Australia’s Gross Domestic Product (GDP*), employing about 85% of the Australian workforce. Services include such things as education and tourism, financial services, energy and mining-related services, environmental services and financial technology (Fintech). The services sector contributes more to total productivity growth in the economy than does the goods sector. How? While productivity grows more slowly in the services sector, as the services sector is so much larger than the goods sector, the services sector contributes more. An efficient services sector is critical to trade and economic growth. *(GDP– the total amount of goods and services we produce as a nation) Agriculture Australian farmers produce food for more than 80 million people per annum and with the emerging Middle Class in Asia, agriculture stands as one of Australia’s major exports. The value of Australia’s agricultural sector is tipped to peak at $63.8 billion this financial year. The total value of Australia’s farm exports is expected to reach a new record of $48.7 billion, $1 billion higher than in 2016. This growth was driven... read more

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