Alexander Schumacher

Alexander Schumacher

Senior Solicitor, Auckland

Financial services regulation

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T:+64 9 358 8456

M:+64 27 650 8525

E:alexander.schumacher@chapmantripp.com

Qualifications

LLB (Hons), LLM (Hons), University of Canterbury

Admitted

2002, New Zealand

​Alexander specialises in financial services regulation, insurance and anti-money laundering law.

He joined Chapman Tripp in 2018, after working for over a decade as a Senior Solicitor in the Office of the Chief Tax Counsel at Inland Revenue, where he helped prepare the Commissioner of Inland Revenue’s binding rulings and statements on complex high-value transactions and interpretative issues.

In addition, Alexander has worked as a legal researcher at the New Zealand Law Commission and as a lecturer at Te Piringa – Faculty of Law in the University of Waikato.

Recent experience

Alexander has advised:

  • payment processors, money remitters and other domestic and international financial institutions on their AML/CFT Act obligations, particularly with respect to international money flows
  • insurers with respect to the constraints of the Human Rights Act 1993 on the terms and conditions of insurance policies
  • New Zealand life insurers and banks on the implications of the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, and assisting them respond to the information requests from the Financial Markets Authority and the Reserve Bank of New Zealand following the thematic reports of banks and life insurers
  • Credit Unions and Friendly Societies on a wide range of issues relating to their operation, including the contents of PDS, service and agency agreements, website privacy policies, loan agreement terms and conditions, and the interpretation of their rules, and
  • a wide range of financial services providers on their obligations under the Financial Markets Conduct Act 2013, Financial Advisers Act 2008, Financial Service Providers (Registration and Dispute Resolution) Act 2008, KiwiSaver Act 2006, and Financial Services Legislation Amendment Act 2019.
Financial services regulation; Funds, KiwiSaver & superannuation; Insurance; Privacy & data protection; Regulatory law

Services

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