What’s your view on the best interests draft legislation?

What’s Your View on the Best Interests Draft Legislation?

Mark Stevenson, Managing Director at Bell Partners Finance (now Evolve Lending & Finance) was featured in Mortgage Professional Australia as part of a head-to-head discussion on the proposed best interests duty legislation for mortgage brokers, sharing his strong support for reforms that would deepen consumer trust in the broking channel.

At a time when around 60% of home loan applicants were already choosing to work with a broker, Mark saw the proposed legislation as an opportunity to grow that number further. His position was clear: enshrining the best interests duty in law would help brokers earn the confidence of the remaining 40% of borrowers who had yet to experience the value a good broker brings.

Mark’s view was not simply one of compliance acceptance. He genuinely welcomed any reform that reinforced the quality of work brokers were already doing for their clients. His focus was on ensuring legislators got the detail right, particularly around avoiding unintended consequences for consumers and ensuring sensible, practical application of the new rules.

The article featured perspectives from across the industry, reflecting a broader conversation about how best to formalise broker obligations in a way that benefited borrowers without creating unnecessary burden. Mark’s contribution stood out for its emphasis on consumer trust as the central measure of success, not just regulatory compliance.

Mark Stevenson’s voice in this national conversation reflects the client-first values that have always driven Evolve Lending & Finance, where doing right by the borrower is not a legal obligation but a core principle of how the business operates.

Thinking about your home loan and want advice you can trust? Contact Evolve Lending & Finance today.