CAFBA is always wanting to expand its membership, so as to more comprehensively represent the Equipment Finance industry. A more complete description of our objectives can be found in the About CAFBA section of this website

Membership Types are:

• Full (Company) Membership
  
  
• Associate Membership
  (Consultants engaged by the Full Members as business writers).
  
  
• Affiliate Membership
  (Financiers and other organisations not eligible for full membership, but wishing to be affiliated with CAFBA).

Guide to assist new members:

Click here to read the new guide that outlines the documents required by the secretariat prior to any consideration for membership (pdf format).

Full Membership Criteria Comprise:

• Suitable industry experience and / or education of principals of the firms
  • Applications are considered individually on their own merits.
  • Criteria include: industry experience, educational background, industry reputation, probity checks for CAFBA to know about and deal with any potential police or credit file issues.
  • Suitable industry experience is mandatory. This can be gained as a principal financier, or as an equipment finance broker, or as some combination of the two. If the CAFBA education has been completed, or Tertiary qualifications are held, as little as 2 years industry experience may be adequate. Otherwise somewhat more experience may be sought to compensate.
  • The education objective can be satisfied by completion of, or enrollment in, the CAFBA Asset and Equipment Finance Professional Education Program with our endorsed educational provider, Omega Performance. It can alternatively be fulfilled by applicants having suitable tertiary or TAFE qualifications, OR by having sufficient industry experience that they can be assumed to have a good level of competency.
  • CAFBA seeks to verify that applicants are fit and proper people to become CAFBA members. We seek to achieve this verification by a combination of - a minimum of 3 financier / finance broker references (two of which should be from principal financiers). We also require a police check be completed, and a credit report supplied.
  
  
• Agreement to abide by the CAFBA Code of Conduct (pdf format - updated Oct 2011).
  
  
• Agreement that all new business writers / consultants will be individually accredited by CAFBA as associate members. This includes:
  • That individual meeting education and / or experience criteria.
  • That individual furnishing a police record check.
    A current form can be obtained from:
    the Australian Federal Police: www.afp.gov.au
  • That individual furnishing a copy of their credit bureau report. (A credit file application can be obtained from www.mycreditfile.com.au.)
  
  
• From 1 July 2012, it is compulsory that members hold Professional Indemnity Insurance cover of not less than $2m per claim and in the aggregate, including 12 months' run-off cover. CAFBA recommends you arrange this cover now if you do not already have a suitable policy in place. A PI Insurance Scheme endorsed by CAFBA is available to members.
  
  
• In addition to compulsory PI insurance cover, a number of further membership qualifications have been introduced by special resolutions which were adopted at the Annual General meeting in October 2011. These qualifications take effect from as early as July 2012, and relate to educational requirements, continuing professional development, EDR and IDR procedures.
  
  
• Agreement to pay CAFBA Membership Fees (pdf format) as per schedule.
  
  
• Completion of CAFBA Membership Application Form (pdf format).
  
  
• Approval by the CAFBA Committee.

A membership application "kit" (pdf format) which includes the 5 PDF documentation items listed above can be accessed in one group via this link: Membership PDF Kit.

Associate Memberships:

• Agreement to abide by the CAFBA Code of Conduct (pdf format - updated Oct 2011).
  
  
• All Associate Members of CAFBA are required to submit a current police record check to comply with the Minimum Membership Standards as laid down at the August 2004 Annual General Meeting. In addition to this, all new members are also required to submit a current Credit check.
  
  NOTE: The latest police record check form can be obtained from:
  the Australian Federal Police: www.afp.gov.au
  The credit File application can be obtained from www.mycreditfile.com.au
  
  
• The Full Member who is sponsoring the Consultant for the CAFBA Associate Membership will submit all the necessary information to the CAFBA Secretariat.
  
  
• Completion of CAFBA Associate Membership Application Form (pdf format).

Affiliate Memberships:

• An officer of CAFBA would like to discuss enquiries for this class of membership individually with each potential affiliate member. to initiate this contact request.

PLEASE NOTE:
Both the Police Check and Credit Check are to be
either posted to: The Secretariat, P.O. Box 6060, Vermont South 3133
or faxed to: (03) 9802 1769.

They are not distributed or shown to any third party
unless an issue arises pertaining to dishonesty,
in which case referral to the sub-committee consisting of
the President, Vice-President and one Committee member,
will determine the relevancy of the application.