Credit and Financial Services
Proudly Serving our community for over 30 years!
O’Shea Lawyers takes a common sense commercial approach to delivering legal services to our clients. We serve both consumer and industry with Credit and Financial Services with disputes and litigation, as well as Elder Law.
Consumer Credit
O’Shea Lawyers has unique experience in consumer credit law. O’Shea Lawyers has drafted standard contracts and documents for large and small lenders. We have been consulted by ASIC, the Commonwealth Treasury and by industry and consumer groups on consumer credit Compliance failures can lead to prosecutions, fines, civil penalties, adverse findings by regulators and ombudsmen, bad publicity, bad debts, unhappy customers and potential insolvency.
We can assist credit providers, lessors, finance brokers, mortgage brokers and other credit assisters.
- Applications for or variations to Australian Credit Licenses
- Appointment of Credit Representatives
- Credit Guides
- Contracts, Notices and Statements
- Compliance with all aspects of the National Consumer Credit Protection Act and the National Credit Code.
- Responsible Lending Obligations
- Unfair Contract Terms reviews
- Responding to Notices from ASIC
- Complaints and Internal Dispute Resolution
- External Dispute Resolution
- Compliance with other relevant laws which affect consumer credit providers such as the Privacy Act, the Financial Transactions Reporting Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the Electronic Transactions Act, the SPAM Act and the ASIC Act to name a few.
- External Compliance Reviews for ASIC licence conditions
Benjamin Richardson
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Financial Services for Industry
We can assist Investment Advisers, Financial Planners, insurance brokers and other holders of Australian Financial Services Licences with:
- Applications for Australian Financial Services Licences.
- All documents required under the Corporations Act including Credit Guides and Statements of Advice.
- Compliance and training on the Future of Financial Advice reforms, Privacy Act and the Financial Transactions Reports Act, the Anti-Money Laundering and Counter-terrorism Financing Act (AML/CTF).
- Applications or variations to your Australian Financial Services Licence.
- Responding to statutory notices from ASIC.
- Responding to complaints by investors
- Internal Dispute Resolution
- External Dispute Resolution with the Financial ombudsman Service and Credit Ombudsman Service Ltd.
- External Compliance reviews for ASIC licence conditions
Our drafting style is clear and concise. We produce plain English documents which are fully compliant and easy to read. We do not reproduce standardised precedents. We listen to you and customise documents to suit your business model.
Gloria Rose
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Financial Services for Consumers
Before you invest:
Your life savings, home and your superannuation funds are very important. You need to know and understand as much as you can about them and how they are invested. This includes your legal rights and obligations under any investment agreements.
When there is a problem:
If you have a case against your investment advisers, financial planners, fund managers or investment brokers O’Shea Lawyers can help.
Dr Paul O’Shea is a member of the Investment Panel of the Australian Financial Complaints Authority. He was consulted by National Seniors, gave evidence to the Senate Economics Committee and quoted in Hansard on the Future of Financial Advice reforms. He has represented many consumer investors and published numerous articles and book chapters on financial services consumer rights.
Walter Myers
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