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Buy Now Pay Later reforms have commenced: what does this mean for you?
04 Aug 2025Buy Now Pay Later (BNPL) providers are now regulated under the National Consumer Credit Protection Act 2009 (National Credit Act).[1] So, what do these reforms mean for the BNPL industry?…...
Read moreMission Impossible? Cybersecurity and Privacy for AFS Licensees
04 Aug 2025We are now over halfway into 2025, and the important mission (should you choose to accept) continues to linger: how does your financial services firm manage its cybersecurity and privacy…...
Read moreBan on conflicted remuneration for mortgage brokers and intermediaries – here to stay
21 Jul 2025In February 2020, the Financial Sector Reform (Hayne Royal Commission Response – Protecting Consumers (2019 Measures) Act 2020 (Act) passed both Houses of Parliament and received Royal Assent. The Act…...
Read moreFACT SHEET: The AFSL Variation Process
07 Jul 2025How do I apply to vary an AFS licence? The application process is completed through ASIC’s Regulatory Portal, where you will be asked whether the application is to vary licence…...
Read moreFACT SHEET: AFSL Costs
07 Jul 2025So, you think you’re ready to apply for your own AFSL. What are the costs should you be prepared for? Preparing You can attempt to prepare and submit your own…...
Read moreFACT SHEET: The AFSL Application Process
07 Jul 2025Before applying for a licence, you need to know: Why are you applying? “Branding” alone won’t cut it. You need to convince ASIC that you need a licence. You may…...
Read moreThe big issue with issuing – Can it be done without holding an AFSL?
30 Jun 2025Under the financial services laws, a person that carries on a financial services business must hold an AFSL covering the provision of those services, unless an exemption applies. Issuing a…...
Read moreWho’s in control? Changes of control to a licensed entity and your obligations
05 Jun 2025In this article, we examine the obligation of AFSL holders and credit licensees to determine whether there has been a change of control in their entity, and subsequently report any…...
Read moreClass actions and regulatory intervention – Two sides of the same sword?
02 Jun 2025Since 1992, when class actions were enshrined in Australia’s legal framework, the link between them and regulatory interventions has been ever-present, and evolving. Having acted for parties on either side…...
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