Irfaan Rashid
Maddie Morgan
Suwathie Rajeswaran
Lana Knaggs
Akshya Perera
Sally Yang
Gonzalo Castro
Maddison Morgan

Jaime Lumsden


Jaime is a leading Australian expert on the application of the financial services and consumer credit regulatory regime. She is a Band 4 Ranked Lawyer in the 2022 Chambers Asia-Pacific Guide for FSR.

She delivers fearless and technically excellent advice across a range of industries, including life and general insurance, payments products, derivatives, foreign exchange, horse racing syndicates, wealth management, charitable fundraisers, business and consumer credit, buy now pay later, and cryptocurrency. A significant portion of her work involves developing novel solutions for innovative clients who need a flexible and creative approach to emerging problems, and she has been instrumental in the product design and structuring of several buy now pay later and cryptocurrency products to minimise or scale regulation in order to viably compete with incumbents and to speed up launch dates. More recently she has consulted on key reforms including to the payments regulations, digital asset platform licensing, stablecoins and token-mapping.

Jaime is well known for her ability to quickly drill down to the core of a matter and to apply her detailed knowledge of the financial services and credit regulatory regimes to find commercial and practical solutions for her clients. The majority of her work involves developing novel solutions for innovative clients who need a flexible and creative approach to emerging problems in the fintech space. Whether working with established, traditional financial services businesses or fintechs, she has the ingenuity to deliver solutions to complex issues using her technical knowledge, experience, connections and creativity.

Jaime is a significant contributor to industry consultation and legislative change. Most recently, Jaime was called to testify at the Senate Economics Legislation Committee’s enquiry into the Digital Assets (Market Regulation) Bill 2023 and has been consulting on the development of regulation for digital asset platforms, both by submitting her own submissions and engaging in bilateral discussions with Treasury. She leads Hamilton Locke’s contributions to Blockchain Australia’s and Fintech Australia’s submissions on digital asset reforms and payments modernisation.

Jaime presents regularly, including at the Credit Law Conference, Responsible Lending & Borrowing Summit, Women in Payments, Intersekt and Blockchain APAC events. Jaime co-leads Hamilton Locke’s relationship with Fintech Australia with Corporate Partner, Jo Ruitenberg. Hamilton Locke has been a legal partner to Fintech Australia since its inception.

Jaime also supervises The Fold’s AFS and credit licensing practice, which has assisted 600+ businesses with AFS and credit licences.


Financial Services Regulatory

  • Lawyers Weekly, Partner of the Year Awards, Financial Services Partner of the Year, Finalist 2023 – 2024
  • Chambers and Partners, Asia-Pacific Guide, Financial Services Regulation, Ranked Lawyer, Band 4, 2021 – 2022
  • Chambers and Partners, Asia-Pacific Guide, Financial Services Regulation, Ranked Firm, Band 4, 2020 – 2022
  • Chambers and Partners, Fintech Legal Guide, Ranked Firm, Band 2, 2019 – 2022
  • Client Choice Awards, Best Law & Related Services Specialist Firm (>$30m) – Banking & Finance, 2020, 2022
  • Client Choice Awards, Best Law & Related Services Specialist Firm (>$30m) – Insurance, 2021 – 2022
  • Fintech Australia, Finnies Award, ‘Excellence in support Services’, 2022
  • Bachelor of Business (Accounting) – Western Sydney University
  • Bachelor of Laws – Western Sydney University
  • Admitted to practice in New South Wales
  • Advised Great Southern Bank on product design and restructuring, regulatory compliance, and unfair contracts legislation;
  • Advised BankVic on distribution arrangements for outsourced add-on services (e.g. FX), broker agreements, add-on insurance, and the Customer Owned Banking Code of Practice;
  • Advised Toyota Finance since 2012 on a broad range of general insurance regulatory issues, including licensing, distribution, training, new regulatory regimes (including deferred sales model and hawking), product design, and drafting and negotiating their insurance agency agreement on two separate occasions.
  • Advised on the design, structure, distribution, regulatory requirements and commercial negotiations for payment solutions including Divipay, Azupay, Intuit, Change Financial and EonX.
  • Advised ALI Group since 2012 on a broad range of life insurance regulatory issues, including the Life insurance Act, the Insurance Contracts Act, and AFS licensing issues, including training, marketing, add-on insurance, hawking, AFCA complaints and conflicted remuneration. Continues to advise ALI Group following their acquisition by Liberty Group, as well as now providing legal support to Liberty Group.
  • Advised BetaCarbon on the design, licensing and regulatory requirements of its Australian Carbon Token and Retirement Token, including proposing the innovative two-token design to enable an early launch of the Carbon Token.
  • Advised an international cryptocurrency exchange on token listings, product and services offerings, payments, share trading solutions, regulatory requirements, and staking and yielding solutions for crypto assets.
  • Advised Payright and Athena Home Loans on their legal obligations, credit licensing, loan process and agreements.
  • Advised Limepay since inception, including advising on the design and terms and conditions of the core BNPL offering, and being pivotal in the design, terms, and loan process of the MarketNow offering distributed in conjunction with Domain.
  • Advised Bamboo on its regulatory obligations, product and service design and rewards program in relation to its cryptocurrency micro investment app.
  • Advised Otivo (formerly Map My Plan) on various issues relating to AFS licence obligations, including fee disclosure statement obligations, conflicted remuneration, referral and whitelabel arrangements, disclosure document sign-off and assisting with terms and conditions.
  • Advised Ainslie Wealth on the design and development of the Gold and Silver Standard tokens, including assisting with possible structures to minimise regulation and providing sign-off to assure cryptocurrency exchanges the tokens could be listed without an AFS licence, documenting the tokenholder terms and conditions and advising on the bullion custody arrangement.