Law360 ® Australia Financial Services covers the legal forces shaping Australia's financial sector - from regulatory enforcement and legislative reform to litigation and major transactions. Built for lawyers and legal professionals, it tracks the developments that matter across banks, insurers, superannuation funds, asset managers, and fintechs.
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Latest News in Financial Services AU
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September 21, 2026
Netwealth says it is facing a potential class action over allegations that its superannuation and investment subsidiaries breached their duties when offering investments in the now-collapsed First Guardian fund, citing a legal letter sent by a proposed representative plaintiff.
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September 21, 2026
ASIC is suing former Super Retail Group chief executive Anthony Heraghty for allegedly breaching his directors' duties after failing to disclose and manage conflicts of interest from an "alleged undisclosed relationship" with the former chief human resources officer.
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September 21, 2026
Insurance Australia Group Ltd has denied reaching a settlement with Credit Suisse over the UBS-owned bank's case seeking to enforce billions of dollars in trade insurance policies covering losses from the collapse of UK supply-chain finance firm Greensill Capital, days before the Federal Court of Australia was set to hear it.
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September 21, 2026
Asset manager Perpetual has rejected a fourth takeover offer by private equity firm EQT for $2.6 billion as insufficient and said its engagement with EQT over a potential buyout has ended.
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September 18, 2026
The Federal Court has rejected Crescent Capital Partners' bid to appeal costs owed to Salaam Wealth after the private equity firm dropped its trademark case following Salaam's 2024 rebrand, ending a dispute that spanned more than a decade.
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