Tamanna Islam
Tamanna specialises in financial services regulation.
Tamanna advises on financial services regulation and wealth management, with a particular focus on financial advice and distribution, insurance and superannuation. She is also experienced in advising on regulatory strategy and engagement with ASIC and APRA.
Tamanna regularly advises clients on governance, licensee and conduct obligations, breach reporting, legacy and rationalisation issues, prudential regulation, regulatory interactions, and M&A transactions in the financial services sector. She is regarded by her clients as ‘efficient, thorough, considered and clear in her approach’ and ‘exceptional in terms of response time and quality of advice’. Tamanna's expertise is recognised by clients and peers in the Legal500 Guide, where she is listed as a Rising Star in Financial Services Regulatory and Insurance for 2024.
Tamanna has undertaken secondments to Resolution Life, Challenger, BT and Suncorp.
Background
Tamanna holds a Bachelor of Arts (Politics and International Relations) and Bachelor of Laws (Honours) from the University of New South Wales.
Experience & expertise
Selected matters
- TAL Dai-ichi on its $900 million acquisition of Westpac's life insurance unit, Westpac Life Insurance Services, including negotiation of a 20-year strategic distribution agreement for life insurance
- Australian Unity on its strategic acquisition of IOOF Ltd from the Insignia Group
- Mine Super, Aware Super and Colonial First State on the implementation of the Financial Accountability Regime
- HCF Life on the development of its innovative injury insurance product known as 'Flip Insurance'
- BT on the transfer of its unitised superannuation business to Mercer via a competitive tender and successor fund transfer process
- Airbnb on a range of insurance and other regulatory matters in the Australian market
- Resolution Life, TAL, CBA and Westpac on the amalgamation of life insurance companies via a scheme under Part 9 of the Life Act
- Challenger, BT and Colonial First State on a series of successor fund transfers and rationalisation projects
- Challenger, Suncorp, TAL, HCF Life, Resolution Life, MetLife, A. J. Gallagher, ClearView, Morgan Stanley, Allianz Retire+ and Mine Super on key regulatory issues such as breach reporting, remediation, anti-hawking, unfair contract terms, DDO, misleading or deceptive conduct, financial advice and AFCA matters
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