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Financial Services AU
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May 25, 2026
Credit Suisse Can't Claim Euro Shield For Greensill Docs
Credit Suisse must cough up unredacted documents in a $2.2 billion dispute with insurers over the collapse of Greensill Capital, after a Federal Court judge in Sydney ruled on 18 May that the need for a fair trial trumps the risk of violating European privacy laws.
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May 25, 2026
Veteran Lawyer Woodburn Joins AFCA As New Superannuation Chief
Veteran superannuation lawyer and former Allens consultant Paul Woodburn has joined the financial industry ombudsman as its new superannuation chief, AFCA announced Monday.
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May 25, 2026
CBA Investors Push High Court To Revive AML Loss Claims
Commonwealth Bank of Australia shareholders are urging the High Court to restore claims that they suffered losses due to the bank's failure to prevent money laundering, which led to a record $700 million AUSTRAC penalty, arguing a lower court prematurely dismissed their claims.
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May 25, 2026
ASIC's Longo Urges Easier Path For Fintech Startups
ASIC Chair Joe Longo on Thursday urged greater collaboration between regulators and the fintech industry in his final public remarks, saying he worries Australia risks falling behind if innovative startups face overly burdensome oversight.
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May 12, 2026
Shell Wins Australia Tax Fight Over $71.6M In Added Taxes
The Australian Taxation Office wrongly assessed AU$98.9 million ($71.6 million) in additional taxes to a Shell plc subsidiary by denying its entitlement to add a premium to its cost basis for a deemed acquisition of shares, the Federal Court of Australia said.
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May 12, 2026
Australia Aims to Curb Property Loss Tax Deductions
The Australian government plans to implement measures aimed at limiting tax deductions in situations where interest expenses tied to rental properties exceed related income, which will raise 3.6 billion Australian dollars ($2.6 billion) over five years, according to a budget released Tuesday.
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May 11, 2026
Australia Preparing Decisions On Capital Gains Tax Issues
Australia is preparing determinations and guidance on five issues related to capital gains taxation, including when anti-avoidance laws may be applied to multiple deferrals of liabilities and how the tax applies when a cryptocurrency is pegged to another cryptocurrency, the Australian Taxation Office said Monday.
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April 23, 2026
Cathay Bank Says Macquarie Hid $100M DTG Rival Acquisition
Cathay Bank sued Macquarie's asset management arm and the former executives of recycling company DTG Enterprises in Washington federal court Wednesday, claiming they tricked lenders into backing a $540 million buyout by misrepresenting DTG's financial viability and concealing a plan to acquire its largest competitor for $100 million.
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April 22, 2026
TMX Buying Cboe's Canada, Australia Exchanges For $300M
Cboe Global Markets Inc., advised by three law firms, said Wednesday it has agreed to sell its Canadian and Australian equities exchanges to Canada's TMX Group Ltd. for a total of $300 million.
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April 17, 2026
Macquarie Selling Romanian Grid Network For About $825M
Premier Energy Group said Friday it has agreed to acquire Romania-based electricity distributor Distributie Energie Oltenia, or DEO, from funds managed by Australia's Macquarie Asset Management for about €700 million ($825 million).
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April 13, 2026
Australia Eyes Higher Penalties For Misconduct By Tax Pros
Australia wants a sizable increase in civil penalties for tax professionals, new categories of misconduct and stronger enforcement capacities for the profession's regulator in response to PricewaterhouseCoopers LLP leaking confidential tax policies to clients, according to the government.
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April 10, 2026
Australia Seeks Tighter Gains Tax On Foreign Residents
Australia is looking to tighten its capital gains tax on taxpayers who reside abroad by expanding the base with regard to real property, the country's Treasury Department said in a consultation.
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April 09, 2026
Australian Court Affirms India's Immunity In $112M Award Suit
Australia's highest court has upheld that India has sovereign immunity in an enforcement case involving a $112 million arbitral award issued in a dispute over a terminated deal to deliver communications services in the country.
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April 09, 2026
FanDuel's Former CLO Goes To Fintech Startup Airwallex
Australia-based financial technology startup Airwallex will continue its expansion into the U.S. market next week as the company welcomes the former chief legal officer of FanDuel as its new compliance officer.
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April 07, 2026
Firmus Unveils $505M Deal To Fund Australia AI Projects
Data center builder Firmus is anticipating a $505 million investment from technology investor Coatue and technology company NVIDIA for the funding of its AI projects in Australia, Firmus has announced.
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March 24, 2026
EU, Australia Reach Major Free Trade Deal, Cut Tariffs
The European Union and Australia on Tuesday agreed to terms of a free trade deal that would nearly zero out tariffs on trade between them following eight years of negotiations.
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March 17, 2026
Australian Trust Anchors $330M For Nuveen Retail Fund
Investment manager Nuveen Real Estate said Tuesday that it has raised $330 million for a fund targeting grocery-anchored neighborhood retail properties with an anchor commitment from three Australian superannuation funds.
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March 16, 2026
Australian Legal AI Startup MiAI Launches With Initial Capital
A technology startup in Australia aiming to grow its legal artificial intelligence reasoning system officially launched Monday after what it described as successful beta tests with law firms.
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March 16, 2026
Gov't Warned Against Mirroring Australian Pensions System
The government should think twice before trying to replicate the Australian model of pension funds investing heavily in domestic assets without allowing the market to develop, a report published Monday found.
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February 26, 2026
BlueScope Turns $11B Bid Down But Still Open To Talks
Australia's BlueScope Steel Ltd. on Thursday said a revised roughly AU$15 billion ($11 billion) takeover proposal from SGH Ltd. and Steel Dynamics Inc. does not adequately reflect the company's valuation, but it remains open to further discussions.
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February 24, 2026
Zurich Insurance To Buy Australia's ClearView For $293M
Australian life insurer ClearView Wealth Ltd. said Tuesday that it has agreed to be bought by Europe's Zurich Insurance Group Ltd. for 415 million Australian dollars ($293 million) in a deal that will consolidate the domestic sector.
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February 20, 2026
HSF Kramer-Led Swiss Re To Buy QBE Business Segment
Swiss Re Group said Friday its commercial insurance division has agreed to acquire the global trade credit and surety business of Australia's QBE Insurance Group, to satisfy growing demand for its risk management services.
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February 18, 2026
BlueScope Gets $11B 'Final' Bid From SGH, Steel Dynamics
Australia's BlueScope Steel Ltd. said Wednesday it is reviewing a revised, unsolicited buyout bid from SGH Ltd. and Steel Dynamics Inc. worth $11 billion.
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December 23, 2025
Partnership Targets $9.4B Data Center Spend In Europe
The Canada Pension Plan Investment Board and Australia-based infrastructure firm Goodman Group said they have struck a deal to develop data centers in Europe, beginning with a $2.6 billion plan to build projects in Amsterdam, Paris and Frankfurt.
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December 12, 2025
Reddit Fights Australia's Social Media Ban For Kids Under 16
Global online discussion forum Reddit on Thursday launched a legal challenge to Australia's first-of-its-kind law prohibiting children under 16 from creating accounts on nearly a dozen popular social media platforms, telling the country's top court that the measure illegally restrains minors' political communications and that there are "less restrictive" ways to protect kids online.
ASIC Warns Gen Z Is New Target Of Crypto Scams
ASIC warned Monday that scammers using Whatsapp groups for share trading and stock tips are pushing fake cryptocurrency investment platforms on Generation Z investors who are more at risk due to their "widespread exposure" to crypto advertising on social media.
Latham Reps Anglo American On $3.9B Australia Coal Mines Deal
Mining giant Anglo American said Monday that it will sell coal mines in Australia to a Britain-based miner for up to $3.875 billion in a move to simplify its business ahead of a $52 billion merger with Canada's Teck Resources.
2 Firms Guiding Creation Of $7.7B Australian Gold Miner
Mallesons-advised Regis Resources Ltd. and Vault Minerals Ltd., a fellow Australian gold producer represented by Corrs Chambers Westgarth, said Tuesday they will merge in an all-share deal, creating a top Australian producer with a roughly $7.7 billion market capitalization.
ASIC Warns Gen Z Is New Target Of Crypto Scams
ASIC warned Monday that scammers using Whatsapp groups for share trading and stock tips are pushing fake cryptocurrency investment platforms on Generation Z investors who are more at risk due to their "widespread exposure" to crypto advertising on social media.
Latham Reps Anglo American On $3.9B Australia Coal Mines Deal
Mining giant Anglo American said Monday that it will sell coal mines in Australia to a Britain-based miner for up to $3.875 billion in a move to simplify its business ahead of a $52 billion merger with Canada's Teck Resources.
2 Firms Guiding Creation Of $7.7B Australian Gold Miner
Mallesons-advised Regis Resources Ltd. and Vault Minerals Ltd., a fellow Australian gold producer represented by Corrs Chambers Westgarth, said Tuesday they will merge in an all-share deal, creating a top Australian producer with a roughly $7.7 billion market capitalization.
Editor's Picks
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Albanese $833.3B Budget Takes Aim At Capital Gains
The Albanese Government unveiled its 2026-27 Budget on May 12, billing the $833.3 billion spending plan as providing "resilience and reform" through new measures, including controversial cuts to capital gains concessions and increased spending on energy, infrastructure, and housing.
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Gov't Unit Targets £99B Australian Pension Fund Investment
The British government has launched a project designed to attract around £99 billion ($133.8 billion) of Australian pension fund investment over the next decade as part of its broader bid to direct retirements savings capital toward the U.K.
Expert Analysis
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Australia's Computer Patent Ruling Will Aid Global Companies
While courts around the world have struggled to articulate a technology-neutral test for patentability of computer-implemented inventions, a recent decision by Australia's top court offers a decisive answer, creating strategic opportunities for overseas applicants, say attorneys at Mallesons.
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Assessing The Significance Of Australia-EU's Free Trade Deal
The recently concluded Australia-European Union free trade agreement could be a springboard for a more ambitious initiative bringing together the EU and the economies of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, a critical mass capable of shaping norms across subsidies, sustainability disciplines and competition policy, says Alan Yanovich at Akin Gump.
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Decoding Arbitral Disputes: ICSID Enforcement In Australia
The Federal Court of Australia recently ruled for award creditors in Blasket Renewable Investments v. Spain in a judgment that explains how Australia's statute book operationalizes the promise of depoliticized enforcement under the International Centre for Settlement of Investment Disputes Convention while accommodating, without yielding to, the centrifugal forces of European Union law, says Josep Galvez at 4-5 Gray's Inn.