How is La Trobe Financial regulated
We are not a bank and do not offer bank products.
La Trobe Financial is privately held and its operations comprise 2 distinct operations which are regulated by the Australian Securities & Investments Commission (ASIC):
Industry Associations, Industry Bodies & Complaints Resolution.
La Trobe Financial is a full member of the Financial Services Council (FSC), belongs to the Mortgage & Finance Association of Australia (MFAA) and the Australian Payments Clearing Association (APCA). Additionally we retain membership of an ASIC approved independent complaints resolution body, Credit and Investments Ombudsman Limited (CIO), and other relevant industry associations.
Our first operation, commenced in 1952, as La Trobe Financial Services Pty Limited ('La Trobe Financial') and manages large wholesale mandates for housing-related mortgage assets, mostly from Institutional (Australian Prudential Regulation Authority (APRA) regulated) entities. APRA's role is to regulate banks and other financial institutions from which we receive investment/funding mandates. We 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 currently holds an Australian Credit Licence (ACL: 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 ASIC. ASIC regulation focuses on the conduct of our credit activities for responsible lending and our obligation to act efficiently, honestly and fairly.
Our second operation commenced in the 1990s when we decided to source complementary investment mandates directly from the retail public via a regulated investment structure that further utilised our systems and management team strengths. This is La Trobe Financial Asset Management Limited 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 and Australian Credit Licence 222213 both issued by ASIC. ASIC Regulation focuses on our Credit Fund's operations and the protection of retail investors who are placing their monies with us and the conduct of our credit activities for responsible lending and our obligation to act efficiently, honestly and fairly.