Craig Hine
Clayton Utz
Partner
Sydney
Craig provides excellent and comprehensive advice within a reasonable budget
– Major Australian Bank
Overview
Craig is an accomplished retail financial services lawyer with specialist expertise in consumer credit, banking, insurance, payments and other financial products. He regularly advises on a broad range of issues including regulatory compliance breaches, investigations and remediations, licensing, distribution, privacy and AML/CTF.
Notable Work
- Acted for major Australian banks, insurers, non-bank lenders, product distributors and other licensees in regulatory investigations, enforcement actions or other engagement with ASIC, APRA, AUSTRAC, OAIC and other regulators, including for a major Australian bank in relation to ASIC investigations for credit cards, interest only home loans and auto finance.
- Acted for a major Australian bank, international bank, non-bank lenders and others in relation to significant regulatory change and uplift programs, including in relation to product design and distribution, responsible lending, anti-hawking and unfair contract terms.
- Acted for a leading global technology company and various payment service providers to advise on payment system regulation, distribution arrangements and financial services licensing and regulation.
- Acted on regulatory and risk allocation aspects of corporate transactions for various Australian banks, insurers, financial services intermediaries and others.
- Acted for multiple reporting entities in relation to AUSTRAC investigations or enforcement actions or to advise on or assist with the development of AML/CTF programs and AUSTRAC engagement.
- Acted for a major Australian bank responding to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
- Acted for insurers, banks, non-bank lenders, BNPL product issuers and AFSL/ACL holders in developing and launching new products, establishing and advising on product distribution arrangements and licensing or regulatory relief applications.
- Acted for major and other Australian banks, non-bank lenders and insurers to advise on a broad range of regulatory compliance matters arising under the National Consumer Credit Protection Act and Chapter 7 of the Corporations Act, including conducting deep-dive system and process compliance reviews.
- Acted for major Australian bank and insurers to advise on prudential regulatory matters and in relation to APRA engagement.
- Acted for Australian and international insurers and reinsurers in relation to various reinsurance and retrocession transactions.
Insights
Buy Now Pay Later Bill confirms key tasks for the sector to work on before it becomes law
7 Jun 2024 | Article
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Buy Now, Pay Later to be regulated in Australia – plan now for the upcoming changes
23 May 2023 | Article
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Attorney-General releases report following two-year review of the Privacy Act
16 Feb 2023 | Article
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ASIC commences civil penalty proceedings for alleged DDO breaches for the first time
12 Dec 2022 | Article
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Media Release: Clayton Utz announces 1 January 2023 partner promotions
9 Dec 2022 | Media Release
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Important changes to the Privacy Act, including significantly increased penalties – so start getting ready now
31 Oct 2022 | Article
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ASIC won’t “name and shame” in new breach reporting regime (for now) and pursues more industry consultation and guidance
18 Aug 2022 | Article
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ASIC updates the ePayments Code: and further changes are on the horizon
24 Jun 2022 | Article
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Managing cybersecurity risk – precedent ASIC enforcement action provides key learnings
26 May 2022 | Article
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ASIC's new regulatory guidance on breach reporting for AFS and credit licensees commences 1 October
10 Sep 2021 | Article
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Media Release: Clayton Utz advises Tattarang on its purchase of R.M. Williams
19 Oct 2020 | Media Release
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ASIC proceeding against AFS licensee for cyber and data security breaches may impact all licensees
24 Aug 2020 | Article
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