About Us
> Regulation
The La Trobe Financial Services Group is privately held and its operations comprise 2 distinct finance operations.
INSTO: Our first operation, commenced in 1952, is conducted through La Trobe Financial Services ('La Trobe') and raises large
wholesale finance for housing-related lending, mostly from Institutional (Australian Prudential Regulation Authority "APRA"
regulated) entities. APRA's role is to regulate banks and other financial institutions from which we borrow, but plays little role in the
direct regulation of La Trobe Financial. We do, however, comply with APRA best practice standards in relation to disaster recovery as well as
accepting APRA guidelines pertaining to individual loan approvals for residential lending.
La Trobe Financial fully manages the wholesale funds raised and lent to individual loan borrowers.
La Trobe Financial currently holds an Australian Credit License (ACL - no: 392385). When La Trobe Financial provides consumer credit loans it is subject to the National Consumer Credit Protection Act and Code and regulatory powers of the
Australian Securities and Investments Commission (ASIC). ASIC regulation focuses on the conduct of our credit activities and our obligation to act efficiently, honestly and fairly.
FUND: During the 1990s La Trobe Financial decided to source complementary funding directly from the retail public via a
regulated investment structure that further utilised our robust wholesale funding systems and management team strengths.
The result was La Trobe Financial Asset Management - an unlisted public company that acts as the responsible entity for an
ASIC registered managed investments scheme under the Corporations Act 2001. We hold an Australian Financial Services Licence
222213 issued by ASIC. ASIC Regulation focuses on our Mortgage Fund's operations and the protection of retail investors who are placing
their monies with us. Cash receipts or suspicious investment sums received by us are reported under the FTRA directly to AUSTRAC.
Industry Associations, Industry Bodies & Compliants Resolution.
The La Trobe Financial Services Group belongs to the Mortgage & Finance Association of Australia (MFAA), The Finance Brokers Association
of Australia (FBAA), the Australian Payments Clearing Association (APCA), and is a full member of the Financial Services Council (FSC).
Additionally, a requirement of our AFSL and ACL credit regulation is that we retain membership of an independent complaints resolution body;
consequently we are a member of the Credit Ombudsman Service Limited (COSL).