Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 13 JULY 2024

Market Intelligence Thought Leadership Award Winner

Mirror, mirror on the wall: Is copy trading compliant with the law?

Piper Alderman
Piper Alderman
Contributor
Piper Alderman

Piper Alderman

Helping shape the future of business in Australia with practical, commercial and cutting-edge legal...

View firm profile
Explore more from Piper Alderman

ASIC has specifically listed copy trading as one of its priorities for supervision.

AustraliaStrategy
Michael Bacina
Michael Bacina
Steven Pettigrove
Steven Pettigrove
Luke Higgins
Luke Higgins
Author LinkedIn connections

Copy trading is becoming an increasingly popular trading strategy, allowing investors to replicate the strategies of other potentially more experienced traders and investors. This practice can be an appealing entry point for novices, as it provides an opportunity to learn from more experienced investors and potentially achieve similar returns (or alternatively, is a convenient way to get exposure to a broader range of investments).

In recent years, ASIC has specifically listed copy trading as one of its priorities for supervision (see ASIC's priorities for 2022, 2023, and 2024). Accordingly, it is essential for platforms, copy trading strategists and investors to understand how copy trading may be regulated under Australian financial services laws to ensure compliance and protect one's investments.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

APRA and ASIC's coordinated approach to frontier AI: implications for financial services entities Read More

APRA and ASIC have issued coordinated guidance on frontier AI risks, requiring financial services boards to demonstrate direct oversight of AI governance, cyber resilience and third-party dependencies. The regulators' expectations build on existing prudential standards and directors' duties, with enforcement signals indicating that proportionate action must be taken before incidents occur.
AustraliaStrategy
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

Operational Readiness: Reducing Project Risk Before Day One

Operational readiness is frequently addressed too late in project lifecycles, creating avoidable risks during transition and early operations. By embedding readiness principles early—from strategy through delivery—organisations can reduce project risk, improve outcomes, and influence whole-of-life costs through clear governance, defined accountabilities, and commercial arrangements that support successful transition to sustainable operations.
AustraliaStrategy
KordaMentha
KordaMentha
Article

NSW Government Bulletin: As AI Use Grows, Are Your Governance Frameworks Keeping Pace?

As AI adoption accelerates across NSW Government agencies, with 357 tools now in use across major public sector organizations, the need for robust governance frameworks has never been more critical. This bulletin examines the current state of AI implementation in NSW, identifies key barriers to responsible adoption, and provides practical guidance for agencies to strengthen their AI governance, risk management, and assurance processes.
AustraliaStrategy
Holding Redlich
Holding Redlich
Article

The Investment Landscape For Space Technology In NSW And Australia

Once the domain of government agencies, today the global space landscape is increasingly driven by private organisations pursuing a more entrepreneurial and commercial utilisation of space. We have come to depend on space-enabled technologies, such as satellite-based services, for everyday activities including navigation, telecommunications, weather forecasting, emergency management, banking, mining, agriculture and transportation.
AustraliaStrategy
Bartier Perry Solicitors
Bartier Perry Solicitors
Article

Reforms To Restraints: What The Competition And Fair Work Legislation Amendment (Banning Unfair Non-Competes) Bill 2026 Means For Employers

The Albanese Government has released draft legislation that would fundamentally reshape how Australian employers use restrictive covenants and competitive agreements. The proposed Competition and Fair Work Legislation Amendment (Banning Unfair Non-Competes) Bill 2026 seeks to prohibit or strictly regulate no-poach agreements, wage-fixing arrangements, non-compete clauses, and co-worker non-solicitation terms.
AustraliaEmployment and HR
Piper Alderman
Piper Alderman
Article

South Australian Royal Commission Into Artificial Intelligence: What Businesses Need To Know Now

South Australia has announced a Royal Commission into Artificial Intelligence, set to commence in October 2026 and deliver findings by July 2027. The inquiry will examine AI's economic and social impacts across policy, education, public services, workforce transformation, and infrastructure. Businesses using or developing AI should prepare for potential regulatory reforms and consider engaging with the inquiry process.
AustraliaTechnology
Piper Alderman
Piper Alderman
Article

Foreign Resident Capital Gains Withholding Changes: More Than Just Another Notification

From 1 October 2026, foreign vendors in transactions valued at $50 million or more must notify the Australian Taxation Office when providing non-indirect Australian real property interest declarations. These new requirements introduce strict notification deadlines, comprehensive reporting obligations, and significant penalties for non-compliance. How will these reforms impact transaction planning, risk allocation between parties, and completion mechanics for cross-border deals?
AustraliaTax
Piper Alderman
Piper Alderman
Article

ATO Releases Decision Impact Statement On Bendel – The Wait Is Over, But Was It Worth The Wait

The Australian Taxation Office has released its Decision Impact Statement following the High Court's landmark Bendel judgment on unpaid present entitlements and Division 7A. While some taxpayers who maintained passive arrangements may find relief, significant questions remain about the application of anti-avoidance provisions and the Commissioner's discretionary powers. The statement signals important changes to longstanding ATO guidance and raises critical considerations for trust and corporate beneficiary
AustraliaTax
Piper Alderman
Piper Alderman
Article

The hidden risk facing Australia’s credit funds: Property values haven’t fallen, but transactions have

Australia's private credit market faces its first genuine stress cycle as property transaction velocity slows and ASIC intensifies regulatory scrutiny. With delayed exits, extended loan maturities, and increased workout activity creating pressure across the sector, fund managers and trustees must now navigate both commercial challenges and heightened enforcement risk while ensuring their governance frameworks can withstand regulatory examination.
AustraliaFinance and Banking
Piper Alderman
Piper Alderman
Article

Victorian Construction Industry Royal Commission: What It Means For Project Participants

The Victorian Government has launched a Royal Commission into the Integrity of Major Public and Civil Infrastructure Construction Projects, examining allegations of corruption, criminal conduct and serious misconduct across major construction projects. The inquiry will scrutinise procurement practices, labour hire arrangements, subcontracting models, supply chains, project governance and government oversight, with implications extending far beyond Victoria's borders.
AustraliaGovernment, Public Sector
Piper Alderman
Piper Alderman
Article

Dig Deeper Before You Litigate – Evidence Lessons For Liquidators

A Federal Court decision examines whether liquidators can rely on accounting entries alone to pursue debt recovery, or whether suspicious book entries require stronger evidence to overcome a nil balance shown in company records. The case highlights critical evidentiary thresholds for insolvency practitioners when challenging transactions made shortly before liquidation.
AustraliaInsolvency/Bankruptcy/Re-Structuring
Piper Alderman
Piper Alderman