Who We Are
The Commercial & Asset Finance Brokers Association Limited (CAFBA) emanated from a merger in February 2008 between The Australian Asset Finance Association (AAFA) based in Victoria and The Australian Equipment Finance Association (AEFA) based in New South Wales.
The result was the first national peak professional body representing Commercial & Asset Finance Brokers. Today CAFBA represents 178 Full Member firms and 500 business writers from every State and Territory in Australia. CAFBA is an industry body of professional leasing / finance brokers. Our members conduct the majority of their business in the fields of equipment and vehicle financing turning over in excess of $8 billion in 2015.
CAFBA benefits from 40 major equipment financiers and like-minded organisations who support and strengthen CAFBA as Affiliate Members.
CAFBA is a member of The Australian Equipment Lessors Association (AELA). AELA is the peak professional body of the lease and equipment finance industry.
CAFBA embodies the strengths of its’ members in a unified approach for dealing with financiers and legislators at a national level and regularly seeks the views of members. CAFBA prides itself on being self-regulating and maintains strict membership standards on probity, continuing professional development, industry experience and reputation.
Our comments are frequently sought by the media on industry related issues. In 2012, the Department of Business, Innovation and Small Business invited one of our committee members to speak to their staff on PPSR.
CAFBA is very well regarded and highly respected in the lobbying environment. In February 2013 CAFBA, after 9 long years of lobbying managed to convince Minister Shorten to remove NCCP Phase 2 from the current term of parliament. During this process CAFBA was the only industry body to advocate on behalf of the Commercial Equipment Finance broking industry and maintained staunch resistance to all aspects of the draft regulation. This piece of legislation would have significantly impacted on the ability of hundreds of thousands of small businesses to access credit. The decision was a notable result and provided a real benefit for all members. CAFBA acknowledges the support and guidance of COSBOA CEO, Mr Peter Strong.
CAFBA continues to proactively lobby governments at all levels on behalf of its’ members. Over the past year CAFBA have lodged submissions on:
- Interest Expense Deductability
- Flex Commissions
- Pre 2016/17 Budget Consultation
- Mortgage Broking Remuneration
- Small Business Lending Practices
- ABA Review Into Commissions & Payments