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The meeting brought together directors and executives from both associations to discuss the next phase of their collaboration, following the signing of a memorandum of understanding last July.
The MOU established a formal framework for co-operation between the two peak bodies.
Over the past 15 months, the partnership has produced a range of joint initiatives spanning research, professional development, advocacy, stakeholder engagement, and industry insights.
Among these have been collaborative lobbying efforts and joint appearances before the NSW parliamentary inquiry into payroll tax, mutual submissions into each association’s reports and white papers, and shared participation in events.
MFAA chair Kerri Buurman said the partnership was built on a shared vision of long-term industry growth and stronger member outcomes.
“Today’s meeting was about us taking a longer-term view on how we can collaborate for the benefit of our respective members, their clients and our industry,” Buurman said.
“Each association excels at member support in its own right. We also have a shared commitment to continue elevating the professionalism of the Australian broking industry. Our MOU brings this to life through tangible member-focused initiatives.
“It has long been my opinion that if our associations work together on advocacy and stakeholder engagement, we have greater impact, something I believe adds tremendous value to all members of our industry.”
CAFBA president Domenic Lo Surdo said the meeting marked a significant milestone in the evolution of the industry and demonstrated the strength of collaboration between the two peak bodies.
“Today’s inaugural meeting marks an important milestone for the broking profession, with CAFBA and MFAA coming together to advance shared values, strengthen professional standards, and highlight the critical role that both commercial and mortgage brokers play in driving the Australian economy,” Lo Surdo said.
“Each of our associations has a different purpose and focus, however, there are many issues where the membership of both benefit through working together and sharing ideas.
“By doing so, we reinforce the importance of professionalism and unity across the industry, ensuring we continue to deliver meaningful outcomes for our members, businesses, households, and the broader Australian community.”
Both associations said the partnership will continue to focus on advocacy and professionalism, with an emphasis on joint representation on key policy issues and continued collaboration on research and education initiatives.