Any persons acting in this capacity in Australia must obtain this license. Typical tasks of Australia mortgage brokers:

• Marketing to attract clients for certain transaction
• Assessment of the borrowers circumstances
• Assessing the market to look for a mortgage product that fits on clients needs.
• Applying for a lenders agreement in principle.
• Gathering all needed documents.
• Completing certain lender application form.
• Explaining the all aspects of legal disclosures.
• Submitting all material to the lender.

The nature and scope of Australia mortgage brokers operations varies with jurisdiction.

In the Australia anyone offering mortgage brokerage is offering a regulated financial operation, the broker is responsible for ensuring the said advice is appropriate for the borrowers' circumstances and is held best financially liable if the advice is later shown to be defective. In other jurisdictions the transaction undertaken by the Australia mortgage brokers may be limited to pointing the borrower in the direction of an appropriate lender without any advice given.

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