CAFBA

Office address: Crows Nest, NSW 1585
Website: www.cafba.com.au
Year established: 2008
Company type: financial services
Employees: 2-10
Expertise: equipment finance broking, regulatory, governmental matters, bank and finance, media commentary, and lobbying
Parent company: N/A
CEO and key people: David Bushby, CEO
Financing status: - 

The Commercial & Asset Finance Brokers Association of Australia (CAFBA) is a leading professional body representing commercial and asset finance brokers. CAFBA advocates for the interests of its members across Australia. The association also promotes and supports high standards of professionalism and compliance within the industry.  

History of CAFBA

CAFBA was formed in 2008 following the merger of these two state bodies:

• Australian Finance Association
• Australian Equipment Finance Association

Both groups saw the need for a united voice in advocating for commercial finance brokers on issues affecting them.

Over the years, it has grown significantly, adapting to the changing landscape of the financial sector in Australia. CAFBA has been instrumental in advocating for industry standards, education, and the establishment of a regulatory framework that benefits both its members and their clients.

Products and Services of CAFBA

CAFBA offers a range of services to support its network of finance brokers. Some of these services are:

• certifications and diplomas: tailored according to each stage of a broker’s career. For example, Certificate IV in Financial Services and Diploma in Financial Services are offered for those who are new to the profession
• professional development: training and educational programs to enhance the skills and knowledge of finance brokers
• compliance and regulation support: guidance and resources to help members navigate the complex regulatory environment
• advocacy: representation at both the state and federal levels to advocate for the interests of finance brokers and their clients
• networking opportunities: events and forums for members to connect, share insights, and collaborate on best practices

Culture at CAFBA

CAFBA fosters a culture of excellence, integrity, and collaboration. It encourages continuous learning, innovation, and a commitment to ethical practices among its members.

The association values diversity and inclusion, promoting a supportive community where all members can thrive. In 2022, it produced a Diversity and Inclusion Report spearheaded by its D&I Committee. The document identified 6 key areas to address, along with action points and outcomes.  

About CAFBA CEO David Bushby

David Bushby was appointed CEO to CAFBA in October 2023. With a background in law and finance, Bushby has been instrumental in steering CAFBA towards its strategic goals, focusing on member growth, advocacy, and industry leadership.

A lawyer by profession, Bushby has had an extensive career in politics and civil service. He served as a senator for Tasmania from 2007 to 2019, followed by 11 years in the Australian Parliament. In 2019, he was appointed Australian Consul-General based in Chicago.

Bushby holds degrees in Economics and Law from the University of Tasmania and a Graduate Diploma of Business from the Australian Maritime College.

The Future at CAFBA

Looking ahead, CAFBA is poised for continued growth and influence in the Australian finance sector. The association is committed to member service excellence and advocacy to ensure the finance broking industry remains robust, professional, and highly regarded. With a focus on enhancing member value and contributing to the development of financial regulations, CAFBA is set to contribute to shaping the future of finance in Australia.