Jaime Lumsden

Financial Services Regulatory

Advised Great Southern Bank on product design and restructuring, regulatory compliance, and unfair contracts legislation;

Advised BankVic on distribution arrangements for outsourced add-on services (e.g. FX), broker agreements, add-on insurance, and the Customer Owned Banking Code of Practice;

Advised Toyota Finance since 2012 on a broad range of general insurance regulatory issues, including licensing, distribution, training, new regulatory regimes (including deferred sales model and hawking), product design, and drafting and negotiating their insurance agency agreement on two separate occasions.

Advised on the design, structure, distribution, regulatory requirements and commercial negotiations for payment solutions including Divipay, Azupay, Intuit, Change Financial and EonX.

Advised ALI Group since 2012 on a broad range of life insurance regulatory issues, including the Life insurance Act, the Insurance Contracts Act, and AFS licensing issues, including training, marketing, add-on insurance, hawking, AFCA complaints and conflicted remuneration. Continues to advise ALI Group following their acquisition by Liberty Group, as well as now providing legal support to Liberty Group.

Advised BetaCarbon on the design, licensing and regulatory requirements of its Australian Carbon Token and Retirement Token, including proposing the innovative two-token design to enable an early launch of the Carbon Token.

Advised an international cryptocurrency exchange on token listings, product and services offerings, payments, share trading solutions, regulatory requirements, and staking and yielding solutions for crypto assets.

Advised Payright and Athena Home Loans on their legal obligations, credit licensing, loan process and agreements.

Advised Limepay since inception, including advising on the design and terms and conditions of the core BNPL offering, and being pivotal in the design, terms, and loan process of the MarketNow offering distributed in conjunction with Domain.

Advised Bamboo on its regulatory obligations, product and service design and rewards program in relation to its cryptocurrency micro investment app.

Advised Otivo (formerly Map My Plan) on various issues relating to AFS licence obligations, including fee disclosure statement obligations, conflicted remuneration, referral and whitelabel arrangements, disclosure document sign-off and assisting with terms and conditions.

Advised Ainslie Wealth on the design and development of the Gold and Silver Standard tokens, including assisting with possible structures to minimise regulation and providing sign-off to assure cryptocurrency exchanges the tokens could be listed without an AFS licence, documenting the tokenholder terms and conditions and advising on the bullion custody arrangement.