Michael Anastas

Michael Anastas


Banking and Financial Services


+61 7 3169 4833

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Michael is a Partner in the Regulatory and Financial Services Group and advises clients across Australia and overseas.
His practice encompasses financial services regulation, banking and consumer credit, payment systems and products, debit, credit and prepaid facilities, privacy, anti-money laundering and personal property securities.

Michael has considerable financial services advisory and project experience including new product development, dealing with the regulators, advising on major outsourcing and distribution arrangements and implementing regulatory reforms including FOFA, NCCP, PPS, AML/CTF and Privacy.

Michael also advises one of Australia's largest prepaid product issuers and advises clients in the payments sector on innovative regulated and unregulated product development and alliance arrangements including mobile payments and peer to peer systems.

During his career, Michael has worked under a secondment arrangement as in house legal counsel with Suncorp from which he gained a valuable understanding of the operations and commercial needs of a large financial services institution.

Michael has been named in Best Lawyers™ Australia as a leading lawyer in the areas of Financial Institutions and Regulatory Practice for the past five years.


  • working with clients and regulators to obtain Australian Financial Services (and Market) Licences, Australian Credit Licences and APRA and RBA authorisations and exemptions;
  • advising on licensing, disclosure and distribution arrangements for the development of proprietary and white labelled financial products including banking, general insurance (including CCI), life insurance, superannuation and investments including "on line" and "direct" products;
  • preparing documentation for the full range of retail banking and credit products including deposits, foreign exchange and OTC derivatives, transaction products, consumer loans, cards and payment products, rewards programs and merchant services;
  • establishing and seeking relevant exemptions for regulated and exempt prepaid product programs including proprietary and white labelled gift cards, prepaid scheme products and low value non-cash payment facilities;
  • providing advice and training on consumer credit and related compliance and distribution issues and assisting a range of lenders on the implementation of NCCP licensing disclosure and responsible lending requirements;
  • reviewing and sign-off of financial services and credit advertising campaigns including trade promotions, press, television, online, in branch/in store, poster and billboard campaigns;
  • advising on privacy and freedom of information requirements and issues for both private sector and public sector clients;
  • preparing and reviewing AML programs and reporting procedures and advising on the on-going compliance with the AML laws.


  • Bachelor of Laws / Bachelor of Business
  • Graduate Diploma in Applied Finance and Investment (SIA / FINSIA)

Professional Memberships

  • Deputy Chair, Banking and Financial Services Law Committee, Queensland Law Society
  • Member, Financial Services Committee, Law Council of Australia
  • Fellow, Financial Services Institute of Australasia 
  • Member, Australasian Compliance Institute
  • Member, Queensland Law Society