The Legal 500: Fintech Country Comparative Guide

Herbert Smith Freehills partners Charlotte Henry, Peter Jones and Peter Dunne, along with consultant Tony Coburn have authored the Australian chapter of The Legal 500: Fintech Country Comparative Guide – a publication which provides a pragmatic overview of the law and practice of fintech law across a variety of jurisdictions. The chapter covers topics such as payments, … Read more

Select Committee on Australia as a Technology & Financial Centre

On 19th May 2021, the Senate Select Committee on Australia as a Technology and Financial Centre published their third issues paper. This issues paper talks to one of the revised terms of reference that were added to the Committee’s terms on 18th March 2021, namely opportunities and risks in the digital asset and cryptocurrency sector. … Read more

Contrasting Regulatory Approaches to FinTech

The RBA has recently set out its views that “Most of the regulation set for financial institutions is aimed at the stability of financial institutions….If some of these companies get big enough there will be systemic issues." This is moderately inconsistent with APRA’s latest move, expanding its policy to restricted ADI licences to foster innovation and competition in the banking industry.  Australia needs clear guidance and regulatory support to avoid pushing away financial services innovation. Read more

ASIC updates its ICO guidance

What this means for you Initial Coin Offering (ICO) issuers have been placed on notice that from 19 April 2018, the Australian Competition and Consumer Commission (ACCC) has delegated powers to the Australian Securities and Investments Commission (ASIC) to enable ASIC to take action under the Australian Consumer Law (ACL) relating to crypto-assets. See ASIC’s … Read more