Peter Anderson

Special Counsel



A highly experienced commercial lawyer with significant expertise in banking and finance, including mergers and acquisitions, banking regulation, payments and retail banking.

Peter is a recognised expert in the payments industry, sitting on a range of industry committees and working groups including the BPay and BECS management committees.

Key deals

Commonwealth Bank of Australia

Undertaking a review of the Commonwealth Bank of Australia’s AML/CTF Program (Part A) for compliance with the AML/CTF Rules.


Peter spent over ten years working in-house for Indue Limited, an approved deposit-taking institution regulated by APRA, serving as General Counsel and Chief Risk Officer. Peter’s executive role was responsible for leadership and strategic direction for the business in the areas of Legal, Compliance, Corporate Governance, Risk and Audit.

Advised REA in respect of its recent acquisitions of Choice and Smartline mortgage broking businesses, including due diligence of regulatory compliance issues arising from the consumer credit activities undertaken by those businesses.

Major US bank

Providing advice and strategic guidance on the bank’s AML Program and potential deficiencies identified by the bank. As part of the process of assisting the bank remediate the breach, Peter advised on the breach itself and played a leading role in negotiations with AUSTRAC and on the bank’s remediation plans.

Bank of China

Assisting the bank review its products terms and conditions for unfair contract terms.

Symple Loans Pty Ltd

Assisting Symple Loans to establish an innovative mortgage investment trust including obtaining an Australian Financial Services Licence and an Australian Credit Licence.

Innovations in retail banking, financial services and payments

Industry knowledge and in-house roles has enabled Peter to play a leading role in assisting organisations to bring new banking and payment products to market including:
  • establishing the Commonwealth Government’s Basic Card program;
  • Indue’s Orion credit card fraud monitoring service;
  • enabling Mortgage Originators (Firstmac and Peppers) in offering BPAY and Scheme debit cards; and
  • assisting a major domestic bank to develop their OSKO offering.