Five car finance brokers employed by Get Approved Finance have been banned by the corporate watchdog.

Fifth Get Approved broker banned

Another head has rolled in the corporate watchdog’s investigation into Victoria Park-based car financing business Get Approved Finance, with Grant Parker permanently banned from the industry.


(existing subscribers)

The password field is case sensitive.
Request new password


Surely by now ASIC can see this behavior was taught and encouraged in the company (and from what I've heard all through the Hughes yards and brokerages). Why continually ban these people instead of going after the people who taught it and rewarded it. I'm sure it's claimed that the clients knew no better, but I doubt the brokers did either. It's well known that Get Approved hired people new to the finance industry so they could mold them any way they wanted. ASIC has made a statement that these loans shouldn't happen, now how about making a difference and going after the people who are truly responsible- the CEO, the general manager, and the owner.

Many of these brokers that ASIC have banned have worked elsewhere in the industry before so I think they knew the ways to beat the system. ASIC have gone after Esanda and have succeeded so I dont think ASIC are shy to place responsibiilty on who deserves it no matter how big and mighty they are or think they are, if you do wrong you face the consequences. I just hope the industry takes note of this and does the right thing always which most of us do.

Add your comment

Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
312thANZ Banking Group9%14%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar


7th-ANZ Banking Group$21,071.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer