It aims to influence decisions affecting the mortgage and finance sector
The Mortgage & Finance Association of Australia (MFAA) has joined two government working groups focused on residential energy efficiency and vocational education and training.
As a new member of both the Residential Energy Efficiency Disclosure Initiative (REEDI) Governance Forum and the Future Skills Organisation (FSO), the MFAA aims to influence decisions affecting the mortgage and finance sector.
“Participating in these initiatives gives us a seat at the table where decisions that will impact our industry are being made,” said Anja Pannek (pictured), MFAA chief executive. “It ensures our members are included when policies and programs are created, and that our industry’s perspectives, insights and needs are heard.”
Through REEDI, the MFAA will participate as a non-voting member in efforts to establish a national framework for energy efficiency disclosure in residential properties. This project is part of Australia’s commitment to achieve net zero emissions by 2050, with a focus on expanding the Nationwide House Energy Rating Scheme (NatHERS) to include existing homes, in addition to new constructions.
“With more than seven out of 10 home loans facilitated by mortgage and finance brokers, our members are well placed to help their clients understand the options available to increase the energy efficiency of their homes – saving them money in the long-term, increasing their property value and importantly contributing to a sustainable future,” Pannek said.
“Furthermore, not only will brokers be critical assisting clients to obtain a NatHERS rating for their home, they will also be helping their clients to access ‘green finance’ products to fund energy efficiency home improvements.
“Being part of REEDI gives us the opportunity to ensure that our members are given the knowledge, tools and support to provide their clients with relevant information and timely guidance on this cornerstone government initiative.”
The MFAA’s association with the FSO aims to address skill shortages in the industry, particularly in digital and technological proficiency.
“Our industry has a lot to offer, it is also one that is well positioned to offer employment to groups such as women returning to the paid workforce after raising children,” Pannek said. “Groups like FSO are key to creating pathways for these people.
“Our membership of the FSO is aimed at bringing the needs of the mortgage and finance broking industry into focus so that funding and training pathways can be developed, and appropriate education options are accessible.”
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