The rapidly evolving and continuously innovating financial services sector plays a vital role in the way people and businesses receive and engage with their credit, financial, investment and insurance services.
The sector not only includes the services that are delivered, but the products and technologies that underpin them.
We service a diverse array of clients within the sector spanning cryptocurrency, general insurance, fintech, insurtech, discretionary funds management, responsible entities, investments and mutual funds, financial planning, credit and payments, and managed accounts.
Our team has a deep understanding of the investment, credit and financial services sectors and can deliver technically excellent and practical advice across various legal disciplines.
Acted for Centuria in the establishment of the Centuria 80 Flinders Street Fund and the Centuria 348 Edward Street Fund
Acted for Centuria Heathley in establishing the CHHPF South Bunbury Sub Trust and the CHHPF Kallangur Sub Trust.
Car Next Door
Acted for Car Next Door, Australia’s leading car-sharing platform owned by Uber, on the establishment of a discretionary mutual to protect exposures for borrowers and lenders to the car-sharing platform and advised on the impact of product design and distribution laws.
Acted for PICNIC Labs on their peer-to-peer insurtech model, including Australian insurance regulation and the use of discretionary mutuals. We have acted for PICNIC on launching Our Ark Mutual – Australia’s first community-based mutual supporting organisations in the religious, education, aged care and not-for-profit space to source risks.
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), and product design.
Advised on the design, structure, distribution, regulatory requirements and commercial negotiations for payment solutions, including Divipay, Azupay, Intuit and EonX.
Advised GPS Wealth since 2018 on a broad range of financial services regulatory issues, including licensing, disclosure, managing conflicts, best interests duty, breach reporting and the new FDS and fee consent regime.
Advised moneyGPS on the design, implementation and distribution of their proprietary digital advice offering, including process flow, disclosure documentation and risk management.
Advised BNPL providers and other credit providers on their legal obligations, licensing and agreements, including LimePay and Payright.
Advised Employment Hero on the distribution of superannuation and payment solutions.
Designed staking and yielding solutions for crypto assets and advised on lending protocols and other DAO structures for crypto assets.
We closely follow regulatory developments, are heavily involved with industry associations and working groups, and participate in responding to key regulatory and Government consultation papers.
We offer a full range of regulatory, corporate, and commercial legal services, as well as licensing and compliance support, including:
- AFS and credit services licensing
- Regulatory and legal advice for financial services and credit businesses
- Corporate and commercial advice, including capital raising, private equity, commercial agreements and transactions (such as buying and selling financial services businesses)
- Advice and establishment of unique financial services offerings, including discretionary mutual funds, cryptocurrency services and platforms, managed discretionary accounts, horse racing syndicates and many others
- Assistance with disputes, complaints, breach assessment and client remediation
- Assistance with ASIC and other regulator engagement, investigations, enforcement action and disciplinary matters
- Comprehensive e-store of compliance manuals, tools and templates
Our suite of customisable manuals, tools and templates (available via The Fold and Source Compliance eStore) provide a cost-effective compliance solution for your business.