PM
Pete Mastroianni
Co-founder
Founder of LoansOnly and co-founder of Brokerology. He helps other ACL holders improve their businesses, backed by over a decade of industry experience.
Independent hindsight file audit service
Your brokers are writing loans. Who's auditing the files?
Compliance IQ is an independent file audit service for Australian Credit Licence holders. We audit your broker files, identify compliance gaps and give you a defensible audit trail you can point to when it matters.
Built for ACL holders, by an ACL holder.
The problem
The gap most brokerages don't talk about.
ASIC expects ACL holders to actively supervise their brokers' work. Not occasionally. Not informally. Systematically, with evidence.
But for most brokerages with six or more brokers, file audits are inconsistent, undocumented or done in-house. There's no independent record. No structured findings.
The risk isn't that your brokers are doing bad work. It's that you can't prove anyone qualified is checking.
Your aggregator will find problems and act on them.
Wouldn't you rather find them first?
What Compliance IQ does
Independent file audits. Clear findings. Your team acts on them.
We conduct structured audits of your broker credit files against your obligations under the NCCP Act and ASIC regulatory expectations.
Aligned to ASIC's regulatory guidance for credit licensees
1
Scope
We agree which brokers and file types are in scope based on your licence structure and risk priorities.
2
Audit
Each file is audited against a standardised framework. The same methodology, every time.
3
Findings
Structured findings reports delivered to brokers and compliance managers. No ambiguity, no jargon.
4
Action
Your team reviews findings, addresses issues and maintains the record. The audit trail shows you were looking, you were told and you acted.
We identify the gaps. You fix them. You verify completion. Regulatory responsibility stays with you, exactly where it should be.
Built by an operator
Built for ACL holders, by an ACL holder.
Compliance IQ wasn't designed by consultants or tech vendors looking in from the outside. It was built by an operator who holds an ACL, runs a brokerage and needed this service for his own business first.
An in-house review is only ever as independent as the person doing it. An outside audit takes that question off the table.
Framework review
The Compliance IQ audit framework has been independently reviewed.
Built in practice
Tested inside a real brokerage with 42+ brokers before being offered to the market, by people who operate in the same regulatory environment you do.
CG
Chris Gimpel
Co-founder
Co-founder of Brokerology. Chris leads product development and technical delivery, with a background in change management and 15+ years in financial services.
Australian-owned
Built for ACL holders
Independent audit methodology
Independently reviewed
Pricing
Clear pricing. No lock-in surprises.
$
95
per broker
per month
per month
A single, predictable line item. No setup charges, no per-file billing, no platform fee buried in the contract.
- 5 independent file audits per broker per year
- All findings documentation, broker notifications and auditable records included
- No setup fee. No platform fee. No per-audit surcharge
Who it's for
Built for brokerages like yours.
Compliance IQ is designed for ACL holders with six or more brokers who want structured, independent file audits without building a dedicated internal audit function.
- A You know you should be doing more structured file audits but don't have the time or people to do it consistently.
- B Your aggregator is asking tougher questions about your supervision practices.
- C You've been growing and your compliance processes haven't kept up.
- D You want a defensible answer ready if ASIC ever asks how you supervise your brokers.
FAQ
Common questions.
Doesn't our aggregator handle compliance?
Australia's major aggregators have publicly committed to active compliance programmes: data analytics, anomaly detection, breach notices, suspension, termination and referral to regulators. That's appropriate, and it protects the aggregator's network. Your NCCP obligation as the ACL holder is separate, and it sits with you regardless of which aggregator you're with. Compliance IQ gives you your own audit trail, one you commissioned, that reports to you, that you act on.
Do you fix the issues you find?
No, and that's deliberate. As the ACL holder, regulatory responsibility is yours. If we fixed issues for you, we'd effectively be performing your compliance function. We identify the gaps clearly so your team can act. You stay in control, and the audit trail proves it.
What if we're not ready for this level of scrutiny?
That's usually a sign you need it most. Better to identify issues now and address them on your terms than have them surface during an ASIC enquiry or aggregator review.
Is this ASIC-approved?
No, and no audit service is. ASIC does not approve, endorse or certify third-party compliance services. What we provide is structured evidence of supervision activity that supports your ability to demonstrate compliance with your obligations.
Start with the supervision assessment.
It takes less than five minutes and shows you exactly where your supervision gaps are.
Take the supervision assessmentCompliance IQ is an independent hindsight file audit service operated by Brokerology Pty Ltd. Compliance IQ identifies issues. The client fixes them. The client verifies completion. We do not certify compliance outcomes, validate remediation or replace the ACL holder's compliance function. Regulatory responsibility remains with the ACL holder.