Ian Lockhart
Partner, Brisbane
I focus on regulatory challenges and developments faced by lenders, retail banks and service providers. This can involve advising on consumer credit, small business lending, privacy, unfair contract terms and anti–money laundering and counter-terrorism financing.

Through my work, I support clients with product development, disclosure, and operational policies and procedures, including credit, financial services and banking licence applications.

My deep experience as a transactional finance lawyer allows me to provide a commercial perspective for the operation of regulatory obligations. Clients value my continued assistance in transactional lending, especially where the borrower is operating in a heavily regulated environment such as managed investment schemes, agribusiness and consumer credit.

Career highlights

  • Credit Union Australia – assisted in bringing its new credit card to market, including managing outsourcing arrangements, terms and conditions, cardholder benefits programs and a review of key origination processes
  • Asian bank – advised regarding its foreign branch application to the Australian Prudential Regulation Authority, including assisting with risk and compliance frameworks and related policies and procedures
  • National Australia Bank (NAB) – acted for NAB as it set up inventory financing facilities for Accor Vacation Club and APVC Finance Pty Ltd to fund a regulated loan book for finance club members
  • Subsidiary of a publicly listed entity – counselled in relation to applications for an Australian Credit Licence and Australian Financial Service License regarding a new credit business. Also acted for a foreign listed entity on a similar project
  • Club banks – acted for in relation to core debt funding to the Australian Agricultural Company
  • Challenger – assisted with its acquisition of a regulated reverse mortgage loan portfolio (now known as Arise)
  • Aveo – acted in relation to core debt facilities for its retirement villages

Since 2015, I have been a Director of Global Sisters Limited, which now receives support through MinterEllison’s pro bono program.

I have been Chair of the Banking and Financial Services Law Committee of the Queensland Law Society since 2011.