Byron David

Byron is a Special Counsel who advises on financial services regulation, consumer credit regulation, payments, anti-money laundering and counter-terrorism financing (AML/CTF) and privacy.

He has a keen interest in payments having worked in house at a payments company that provides merchant acquiring, digital payment and gifting services. He has also spent time seconded to a major bank and an international rideshare company.

Byron has extensive experience working with banks and other financial institutions. He has advised on the implementation of new products (including deposit, credit and “buy now pay later” products) and the implementation of new regulatory regimes (including the design and distribution obligations (DDO) regime, mandatory breach reporting regime and ant-hawking regime).

Experience

Byron’s experience includes advising:

  • Suncorp and People First Bank on projects involving the implementation of changes to ensure compliance with changes to the unfair contract terms regime;
  • Retail banks on whether products and services will be regulated by the regimes set out in the Corporations Act, National Consumer Credit Protection Act and AML/CTF Act;
  • Fintechs on AFSL and ACL applications and liaising with ASIC in respect of those applications;
  • On deposit accounts, credit facilities, gift cards, digital wallets and cryptocurrencies; and
  • On contract negotiations on behalf of merchants and payments service providers for the provision of payments services (including merchant payments contracts, payment facilitator contracts and ISO contracts) and banking services.

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