The Australian government's move to extend consumer credit regulation to the Buy Now Pay Later (BNPL) sector marks a significant development toward enhancing consumer protection. Originally exempt from traditional credit laws due ...

In May 2024, the Attorney-General's Department announced the second stage of proposals to complete the implementation of global AML/CTF standards and update the Australian AML/CTF regime. The proposals fall into three categorie...

In June 2024, Australia made significant strides in the field of sustainable finance. The government has allocated approximately $83.7 million over six years to financial regulators, reporting bodies, and the Treasury to accelerat...

Compliance is a key issue for any financial services licensee, as the recent case of Lanterne Fund Services Pty Ltd (Lanterne) demonstrates. Lanterne, a financial services company that provided advice on corporate finance and capi...

On 22 September 2023, the Australian Government released its response to the 2015 statutory review of the Personal Property Securities Act 2009 (Cth)("PPS Act") and regulations ("PPS Regulations"), known as the "Whittaker Review."...

With only 3 months until the Unfair Contract Terms reforms take effect, time is running out for the financial services sector to review standard form contracts for terms that might be deemed unfair. The reforms were enac...