Legislation enabling Australia to become a founding member of the Asian Infrastructure Investment Bank passed the Federal Parliament yesterday. The legislation includes an appropriation for the payment of Australia's capital contribution to the AIIB of US$738 million paid-in capital to the AIIB over five years. Australia will be the sixth largest shareholder. Broker franchise group Loan Market is planning to expand into the Indonesian mortgage market, The Adviser reports. Loan Market is part of the Ray White real estate group, which already has a network of 100 offices in Indonesia. Loan Market has a business in New Zealand and a single broker franchise in Hong Kong. Mutual banks have started partnerships with peer to peer lending platforms to reach a younger borrowers demographic, the AFR reports. G&C Mutual Bank, with about $700 million in assets on its books, and other credit unions, including the Maritime, Mining, Power Credit Union, have been lending on the SocietyOne platform for close to a year. The exchange traded funds joint venture between ANZ and London-based ETF Securities, ANZ ETFS Management, has had a management turnover a little over three months after launching. The JV launched six ETFs in June, covering local and overseas equities, gold, the US dollar and the renminbi. Australian Securities Exchange data shows that the funds have had very weak inflows since listing, with the biggest of them attracting just A$2.6 million. ANZ ETFS co-heads Danny Laidler and Adam Smith have departed and will be replaced next month by Kris Walesby, an executive at a London ETF manager Invesco Powershares. Peer-to-peer lender RateSetter has passed A$10 million in loan originations. Since launching last November the company has facilitated 600 loans, with no defaults. It has 1500 retail investors on its platform. Last month RateSetter expanded its product set with the launch of a secured personal loan