Financial Services AU
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October 02, 2026
ASIC Lifts Stop Orders On Remara Private Credit On Amends
ASIC has revoked its interim stop orders against three private credit products offered under Melbourne Securities Corporation's (MSC) Remara Cash Management Fund, after MSC amended its target market determinations.
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October 02, 2026
CA ANZ Wants Ethics Update at KPMG, Finds No Major Flaws
Chartered Accountants Australia has recommended KPMG Australia appoint an independent chief ethics officer, set clearer rules for using external investigators for misconduct allegations and strengthen controls on using confidential audit-client information to pursue other work, in its review of the confidentiality controls and ethical culture prompted by the whistleblower scandal.
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October 01, 2026
RBA Says Financial System 'Good Degree of Resilience'
The Reserve Bank of Australia says Australia's financial system has a "good degree of resilience" but remains vulnerable to global and operational shocks, in its latest financial stability review on Thursday.
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October 02, 2026
HSF Kramer-Led Maas Completes $1.7B Construction Sale
Diversified industrial group Maas Group has completed the $1.7 billion sale of its construction materials business to Heidelberg Materials Australia, Maas told the Australian Securities Exchange on Friday.
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October 02, 2026
ANZ Dumps Auditor KPMG Australia After Over 5 Decades
ANZ says it will tender its external audit contract and exclude KPMG, who has held the major Australian bank's external audit contract since 1969 and been engulfed in a whistleblower scandal since March, as the tenure length is "no longer considered appropriate."
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October 01, 2026
ASIC Raises Licence-Free Financial Market Limit to $2.5M
ASIC said Thursday that it has raised the annual transaction-value threshold for its exemption allowing small financial markets with limited trading activity to operate without an Australian market licence from $1.5 million to $2.5 million.
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October 01, 2026
Hall & Wilcox Nabs HWL Ebsworth Partner For Cyber Practice
HWL Ebsworth's Zoe Tishler has joined Hall & Wilcox as a partner of the law firm's cyber practice in Sydney, Hall & Wilcox said in a statement on Tuesday.
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October 01, 2026
APRA Proposes Tougher Rules for Super Trustees
APRA has proposed eight changes to superannuation investment governance, including limits on members' exposure to higher-risk investments and stronger requirements for trustees to manage conflicts and oversee increasingly complex investment menus.
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October 01, 2026
Mallesons, Allens Guide Lynas' $968M Meteoric Deal
Mining company Lynas Rare Earths has agreed to acquire Meteoric Resources in an all-scrip deal valuing the Perth-based company at about $968 million, with Mallesons advising Lynas on the transaction.
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October 01, 2026
G+T-Led Yancoal Completes Kestrel Mine Acquisition
Coal producer Yancoal Australia has completed its acquisition of an 80% interest in Queensland's Kestrel Coal Mine for US$1.85 billion upfront and up to US$550 million in contingent payments, Yancoal told the Australian Securities Exchange on Thursday.
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October 01, 2026
AUSTRAC Fines Firms That Failed To Join AML Regime
AUSTRAC has issued fines to real estate, accounting and jewellery businesses that failed to enrol under the newly expanded anti-money laundering and counter-terrorism financing regime.
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October 01, 2026
Macquarie Shield Class Action Ends Amid Funding Shortfall
The Federal Court of Australia has approved the discontinuance of a class action against Macquarie Bank filed over its alleged failure to regulate investments at collapsed Shield Master Fund, citing a lack of funding and little prospect of establishing substantial losses.
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October 01, 2026
Nuvei Wins $1.95M Escrow Fight Over Till Tax Liability
A New South Wales Supreme Court judge has ruled that payment provider Nuvei is owed just under $2 million that was held in an escrow account in a dispute over potential tax liability stemming from convertible notes issued by Till when the fintech was sold to the payments company in 2023.
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October 01, 2026
Norton Rose Fulbright Guides Stanmore's US$450M Debt Facilities
Norton Rose Fulbright has advised metallurgical coal producer Stanmore Resources on the US$450 million (AU$646 million) refinancing of its bank debt facilities, the global law firm announced in a statement on Tuesday.
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September 30, 2026
Developer Gets 9 Years For $2.2M Investor Fund Fraud
A former Queensland property developer was sentenced to nine years in prison on Tuesday after he pleaded guilty to fraud involving more than $2.2 million of investor funds intended for five property developments.
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September 30, 2026
NSW Committee Says PEXA, Banks Blocked Competition
A New South Wales parliamentary committee has found that property settlement platform PEXA harmed competition by deliberately delaying reforms that would let electronic conveyancing providers transact with one another.
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September 30, 2026
ASIC Targets Banks' AI Use, Super Advice Fees In Priority List
ASIC will review banks' customer-facing use of AI, super funds' handling of advice fee deductions and insurance claims firms known as "disaster chasers" under supervisory priorities released on Wednesday.
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September 30, 2026
Mallesons Special Counsel Joins IP Specialist Griffith Hack
Former Mallesons special counsel James Robb has joined intellectual property firm Griffith Hack as a principal and practice group leader of its law & trade marks practice, according to a statement from Griffith Hack's parent group IPH Limited, an ASX-listed intellectual property services group on Wednesday.
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September 30, 2026
ANZ Launches European Banking Subsidiary
ANZ opened its new European banking subsidiary on Tuesday, expanding its presence in the region after securing regulatory approval earlier this year, the bank said in a statement.
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September 30, 2026
Blue Sky Class Must Post $630k Costs To Credit Suisse, Oasis
A Queensland Supreme Court judge has ordered the plaintiff in a shareholder class action alleging insider trading of stock in former ASX-listed firm Blue Sky Alternative Investments Ltd to front up $630,000 in cost securities to the defendants including broker Credit Suisse Equities, hedge fund Oasis Management and its owner Seth Fischer, and directors of a research group who wrote a report downgrading the value of the now-liquidated company.
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September 30, 2026
Justice Emerton To Lead Victoria's First Sentencing Review
Former Court of Appeal of the Supreme Court of Victoria President Justice Karin Emerton will conduct the first independent review into the state's sentencing legislation since it took effect in 1992, Victorian Attorney-General Sonya Kilkenny announced on Tuesday.
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September 30, 2026
Justice Nichols Joins Victorian Court of Appeal
Supreme Court of Victoria Justice Lisa Nichols has been appointed to the Victorian Court of Appeal, the court said in a statement on Tuesday, adding Megan O'Sullivan KC will replace Nichols in the Victorian Supreme Court.
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September 29, 2026
Jones Day Adds 5 Partners To Fuel Australian Expansion
Jones Day has added five new partners in Sydney and Brisbane from major rivals Clayton Utz, Gilbert + Tobin, Minter Ellison and Norton Rose Fulbright across intellectual property, energy and corporate as it continues to expand in Australia.
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September 29, 2026
BDO Wins Some Safeguards For Shield Audit Docs
A Federal Court registrar partially approved on Tuesday BDO's proposed confidentiality regime for audit procedure documents sought by the collapsed Shield Master Fund's liquidators after the auditor warned that the liquidators' proposal could expose sensitive material to competitors.
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September 29, 2026
ASIC Puts Ethics At Core Of Updated Biz Auditor Standard
ASIC said it has approved an updated competency standard for registered company auditors that takes effect Oct. 1 and places greater emphasis on professional values, ethics and behaviour.
Expert Analysis
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Blue Star Shows Why Liquidators Need Approval Rule Reform
The recent Queensland Supreme Court decision in Blue Star Care v. Rimcroft highlights the uncertainty surrounding Section 477(2B) of the Corporations Act court approvals regime, meaning that until outright reform is implemented liquidators must make unsatisfactory choices between what is safe and what is in creditors’ best interests, says Robert True at Quinn Emanuel.
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What ACCC Data Reveals About Finance Deals
Recent Australian Competition and Consumer Commission data confirm that clearances under the new mandatory merger control regime are moving faster than anticipated and that the system’s waiver process works particularly well for low-risk transactions, making it a natural fit for the financial services sector, say lawyers at Squire Patton.
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Australian Payments Reg. Proposals Will Broaden Oversight
The Australian government’s recent payments regulation proposals for a more activity-based licensing framework will significantly expand the perimeter of entities, indicating that the regulators view payment systems, digital assets and tokenized financial infrastructure as part of a connected regulatory ecosystem, say lawyers at Corrs.
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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.