Bankwest broker commission
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Gen X, Gen Y, Gen? By Tiger Webb Every 15 or so years, Western civilisations find themselves having to name a new age cohort. The commission began questioning Ms Harris yesterday afternoon about how Aussie initially kept customers in the dark about Mr Sahay's conduct. After terminating Mr Sahay's employment in , Aussie kept this under wraps from its customers.
The customer was even threatened by the CBA employee about being "possibly jailed" over the incorrect information, which was supplied by Mr Sahay. However, Ms Harris was unable to tell the commission whether customers would now be notified if new instances of broker misconduct arose.
Abdicating responsibility Aussie admitted — through its people and culture manager Lynda Harris — that it relied on lenders like Westpac, Suncorp and Bankwest to point out which Aussie brokers were fraudulent. Her comments drew swift condemnation from the counsel assisting the commission, Rowena Orr, QC. Commissioner Hayne chimed in at this point.
More worried about commissions Back in , Bankwest decided to stop paying trailing commissions in relation to home loans submitted by former Aussie broker Shiv Sahay. It decided to keep paying Aussie the trailing commission for loans Mr Sahay brokered. Customers in the dark The commission began questioning Ms Harris yesterday afternoon about how Aussie initially kept customers in the dark about Mr Sahay's conduct.