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Brokers without the correct referral arrangements in place are putting themselves at risk, AFG's Mark Hewitt has said.

Following an industry survey that found nearly 70% of brokers are still falling short of the NCCP requirements for referral relationships, Mark Hewitt AFG's sales and ops GM said he is aware that ASIC is currently paying careful attention to this area.

And, speaking to MortgageMix, Hewitt said he thinks the number may be even higher than seven in 10. 

"If you recall around the time the guidelines were being developed there was quite a bit on confusion as to what needed to be put in place and this may have resulted in some brokers putting it in the too hard basket," he said.

Hewitt said any brokers in this category should consult with their aggregator as soon as possible, to get the necessary agreements in place.

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