Financial Services AU

  • August 11, 2026

    Judge Won't Issue Interim Gag In 'Deposit Flicking' Dispute

    A New South Wales Supreme Court judge has declined to make an interim order preventing Jared Zak, founder of conveyancing firm Dott & Crossitt, from publicly calling the business model of law firm Agency Settlements illegal.

  • August 11, 2026

    Norton Rose Fulbright Taps Ex-Baker McKenzie M&A Partner

    Norton Rose Fulbright has tapped Baker Mckenzie senior transactional law partner Kate Jefferson to join the firm's Sydney office to advise clients on cross-border and capital markets transactions across the Asia Pacific. 

  • August 11, 2026

    AustralianSuper Hires Michelle Levy To Launch Advice Service

    AustralianSuper, the nation's biggest superannuation fund, will launch a personalised financial advice service this year and has appointed Michelle Levy, who oversaw the Quality of Advice Review into making financial advice more accessible and affordable, as the entity's independent director.

  • August 11, 2026

    Bendigo Bank Agrees To Pay $8M Fine Over Alliance Hack

    Bendigo Bank has agreed to pay an $8 million fine proposed by APRA for a series of authentication failures that allowed a hacker to steal $490,000 from 87 customers at subsidiary Alliance Bank in 2023, in a deal subject to Federal Court approval. 

  • August 10, 2026

    AG Seeks Input on Foreign Bribery Reform, Corporate Offence

    The Attorney-General's Department has commenced a compulsory statutory review into Australia's foreign bribery laws including the introduction of a new corporate offence for failing to prevent it.

  • August 10, 2026

    Nicholas Broadbent Appointed Associate Commonwealth DPP

    The Albanese government has announced the five-year appointment of senior NSW criminal defence barrister and public defender Nicholas Broadbent SC as the Associate Director of Public Prosecutions.

  • August 10, 2026

    Tabcorp Taps G+T For $267M BetMakers Acquisition

    Gambling giant Tabcorp Holdings has agreed to buy BetMakers Technology Group in a deal that values the betting technology firm at $267 million to accelerate its technology overhaul and expand internationally.

  • August 10, 2026

    AUSTRAC Shuts Down Cryptolink's 96 Crypto ATMs

    AUSTRAC has suspended cryptocurrency ATM company Cryptolink's virtual asset service provider registration for three months, citing concerns it has not been complying with anti-money laundering and counter-terrorism financing reporting obligations.

  • August 10, 2026

    Lawyer Hit With Misconduct Finding Over Class Action Delay

    A Victorian Civil and Administrative Tribunal member has ruled that lawyer Dimitrios Diakou engaged in professional misconduct when he dragged his feet on filing a proposed class action against a now-collapsed real estate and investment firm.

  • August 10, 2026

    Ex-Finance Firm Boss Gets 6.5 Years For Siphoning $1.75M

    The former sole director of an investment firm serving the Muslim community has been jailed for 6.5 years by the District Court of NSW after transferring $1.75 million of company money into his own pockets. 

  • August 10, 2026

    Allens, Ashurst KPMG Reports Published on 'Public Interest'

    A parliamentary joint committee has released the legal advice documents law firms Ashurst and Allens provided to KPMG Australia into whistleblower allegations, citing "compelling public interest" and overriding the auditing giant's request for legal professional privilege.

  • August 10, 2026

    Star's Ex-GC Martin Wins Stay of $400k ASIC Fine

    Star Entertainment's former general counsel Paula Martin last week won a stay of her $400,000 fine while she appeals a ruling that she failed in her duties as a director to inform the company's board of money-laundering risks at the Sydney casino.

  • August 10, 2026

    Mallesons Takes Lead Role On $900M oOh!media Deal

    Mallesons is advising Sydney-based outdoor advertising company oOh!media on its nearly $900 million acquisition by U.S. private equity firm I Squared Capital, the companies announced on Monday.

  • August 10, 2026

    ASIC Hits 5-Year High In Financial Services Bans, Restrictions

    ASIC said it removed or restricted 87 individuals and businesses from providing financial services in the year ended June 2026, the highest number the regulator has delivered in five years.

  • August 07, 2026

    Judge Extends Asset Freeze On Falcon Capital Founder

    A Federal Court judge on Friday granted ASIC's request to extend an asset freeze on Simon Selimaj, founder of the operator of the collapsed First Guardian Master Fund, after Selimaj had protested that the freeze and a previously lifted travel ban were "destroying my life."

  • August 07, 2026

    WA Taps 3 Judges For Supreme, Appeal Court Vacancies

    The Western Australia Attorney General has announced the appointment of Supreme Court Justice Stephen Lemonis to the Court of Appeal and District Court Judge Tania Jeyamohan and barrister Steven Wong to the Supreme Court from August 10, to "address vacancies and maintain judicial capacity" in both courts.  

  • August 07, 2026

    Treasury Delays Insolvency Review Citing Productivity Inquiry

    Treasury will not consider reviewing Australia's corporate and personal insolvency laws until after a separate Productivity Commission inquiry is complete next year, despite saying it largely supports a parliamentary inquiry's recommendations to simplify liquidation processes and lower reporting burdens.

  • August 07, 2026

    Justice Murphy Defends Class Action System In Final Speech

    Justice Bernard Murphy has used his final speech as a Federal Court judge to champion Australia's class action system, saying he worked to "ensure that it was fair and equitable."

  • August 07, 2026

    ASIC, Netwealth Urge Approval Of $100M First Guardian Deal

    ASIC and Netwealth Superannuation jointly urged a Federal Court judge on Friday to approve a more than $100 million agreement under which the company has already fully compensated customers for their net deposits into the collapsed First Guardian Master Fund, without further penalty.

  • August 07, 2026

    Ex-Coco Joy CEO Gets 6 Months After Appeal Win

    A NSW District Court on Wednesday resentenced the former CEO and director of coconut water company FAL Healthy Beverages, Tim Xenos, to six months' imprisonment, down from 18 months, after his conviction for dishonestly using his position as director for personal gain was overturned in April but held his conviction for making business decisions while disqualified and failing to disclose salary and bank accounts to his bankruptcy trustee.

  • August 07, 2026

    Palmer Fails To Quash Magistrates Criminal Case in Fed Court

    Billionaire Clive Palmer's attempts to overturn a magistrate's refusal to dismiss criminal proceedings against him over alleged fraudulent transfers to his political party have hit another hurdle with a Federal Court judge in Brisbane rejecting his latest application, and refusing to recuse himself from the case.

  • August 07, 2026

    Ex-Nuix Director Says IPO Allegations Not Properly Pleaded

    The Supreme Court of Victoria has heard that a class action centring on misleading IPO representations against software company Nuix, Macquarie Capital and former director Daniel Phillips failed to properly plead its case against Phillips.

  • August 06, 2026

    ASIC Suspends CFD Issuer GFA's Licence On Compliance Fail

    ASIC has suspended the financial licence of GFA Capital Markets for five months following an industry-wide review into over 50 licensed contracts for difference (CFD) issuers, citing the firm's "multiple client money, reporting obligation and compliance failures."

  • August 06, 2026

    KPMG Says Disputed Arrium Audits Were Reasonable

    KPMG auditors acted reasonably and used appropriate professional judgment when auditing the allegedly misleading financial reports of steelmaker and miner Arrium Ltd, they told the Victorian Supreme Court on Thursday.

  • August 06, 2026

    ACCC Chair Urges Smarter, More Proportionate Regulation

    ACCC chair Gina Cass-Gottlieb called for "better regulation" rather than more regulation in a speech on Thursday, saying oversight should be proportionate to the problems it seeks to address.

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