Australia

Lawyers

Liam  Hennessy

Liam Hennessy

Thomsons, Australia

Work Department

Financial Services

Position

Partner

Career

Liam acts for domestic and international financial services clients including insurers, superannuation funds, banks, trading houses, digital asset exchanges and funds. His clients include four of the five largest digital asset exchanges in the world, 26 banks, insurers and superannuation funds on the Financial Accountability Regime, and major institutions including Barclays, Westpac, Commonwealth Bank, Aware Super, CareSuper and Funds SA.

Liam advises on complex AFSL licensing, financial services product design, governance and compliance, AML/CTF (AUSTRAC obligations), investment fund formation, digital asset regulation and tokenisation. His practice spans regulatory reform, providing evidence to government inquiries, and advising clients at the intersection of financial services law, digital assets and emerging asset classes. He is a contributing author of looseleaf services on financial services, AML/CTF and the Financial Accountability Regime for LexisNexis and Thomson Reuters.

Liam has acted on some of Australia’s most significant financial services regulatory mandates, including advising on OSL’s acquisition of Banxa (the largest public markets crypto transaction in Australian history), acting for Forte Securities on the Reserve Bank of Australia’s Project Acacia (tokenised Australian Government Bonds), advising the Dubai Future Foundation on Dubai’s regulatory framework for real estate tokenisation, and advising Funds SA (A$48 billion under management) on an ongoing basis. He gave evidence to a Federal Government Inquiry into Schemes, Digital Wallets and Innovation in the Payments Sector in February 2025.

Liam is an Adjunct Professor of Law at Griffith University where he teaches financial services law, and is undertaking a doctorate on the tokenisation of financial products. He leads the Law Council of Australia’s digital assets sub-group and has acted as an expert reader for the Australian Law Reform Commission. He is ranked number 34 in the DA List of the top 50 individuals shaping digital assets and finance in Australia. He is frequently sought by media and policymakers for commentary on financial services reform and publishes a widely read weekly Financial Services Regulation newsletter.

Memberships

Adj. Professor (Griffith University)

Law Council of Australia

Digital Economy of Australia

Australian Law Reform Commission (Expert Reader)

QLS Policy Committee

Royal Society of NSW

Education

Bachelor of Laws / Bachelor of Science (Forensic) (Newcastle University)

Master of Laws (University of Sydney)

Doctor of Philosophy — PhD (Ongoing) (Griffith University)

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