Finance Law and Banking Law

This decision confirms that section 444GA can be utilised to achieve a transfer of shares in circumstances where the transaction provides for value to be paid to shareholders.

Court found that Money3 failed to make reasonable inquiries about the living expenses of the consumers, including failing to verify their living expenses.

Australia is testing the Taxonomy in practice with some of the country's largest financial institutions.

Australian financial markets face a fundamental shift in disclosure requirements from December 2026, as new rules expand substantial holding obligations beyond traditional voting interests to capture derivative positions and economic exposure. Market participants must now navigate complex calculations involving physically settleable derivatives, cash-settled instruments, and offsetting short positions—with no grandfathering for existing holdings.

From 4 December 2026, enhanced substantial holding disclosure and beneficial ownership disclosure obligations will apply to entities listed on Australian securities exchanges.

The Unique Product Identifier (UPI) serves as a critical component of common data elements under EMIR, UK EMIR, ASIC, and MAS regulations, designed to identify OTC derivative products in transaction reporting. This article explores how UPIs work alongside Legal Entity Identifiers (LEIs) and examines the role of ANNA-DSB as the centralized service provider managing the UPI Reference Data Library. Understanding the methods for obtaining and creating UPIs is essential for firms navigating derivative transactio

Precious-metals streaming has evolved into a substantial financing tool for Australian mining projects, offering developers an alternative to traditional project finance. With major transactions demonstrating streaming's viability across junior developers and major producers alike, mining companies now face strategic choices about capital structure.

Regulatory and market developments in the US residential mortgage-backed securities space often make their way into the Australian market

This case is a reminder that creditors should carefully identify and assess any restrictions imposed on enforcement of security interests under a DOCA.

The Australian Securities and Investments Commission has proposed significant reforms to pre-lodgement advertising rules that would allow companies to communicate more freely with markets before filing disclosure documents. While offering greater flexibility for IPO offerors to gauge interest and address market commentary, the changes raise important questions about investor protection and the potential for premature investment decisions based on incomplete information.

ASX Listing Rule 7.1 generally restricts an ASX-listed entity from issuing more than 15% of its issued capital in a 12 month period without shareholder approval, other than in accordance with exceptions set out in Listing Rule 7.2.

There has been recent controversy where ASX-listed bidders have used highly dilutive share issues to acquire a target, bypassing 15% capacity constraints and without bidder shareholder approval.