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Elizabeth Cheeseman SC

Bachelor of Arts - University of Sydney
Bachelor of Laws - University of Sydney


Admitted to the Bar 1996

Appointed Senior Counsel 2012


Liz Cheeseman was a founding member of New Chambers in 2015. From inception New Chambers has been ranked as a leading set by Chambers Global Asia Pacific. Liz succeeded David Jackson QC as Head of New Chambers in 2016, a position in which she served until 2018.

Liz is skilled in leading and working with multi-disciplinary teams in complex disputes and in devising and implementing strategic approaches to case formulation, presentation and resolution. She has extensive experience, at trial and appellate level, in large complex multi-faceted litigation.

Liz acted for the Liquidators of the Bell Group Companies at trial (2003 – 2006) and on appeal (2011) achieving a $2.7 billion judgment which was ultimately compromised ahead of the High Court appeal, resulting in a $1.7 billion settlement.

More recently, Liz was one of 2 lead senior counsel for ASIC in the landmark bank bill swap rate market manipulation case against ANZ in which the penalties imposed were 91% of the maximum. The case was the Australian equivalent to the UK/US LIBOR litigation.

Liz practises predominantly in the fields of commercial, corporate, banking, regulatory (with a particular focus on financial services, superannuation and markets), insurance and professional indemnity.

She also practises in proceeds of crime litigation typically involving complex financial and taxation structures, money laundering, cuckoo smurfing and insider trading. Liz is regularly briefed in commercial, regulatory and common law matters involving issues which turn on competing expert testimony in a wide variety of disciplines, including financial products and services, banking, professional negligence, capital markets and competition issues.

Liz has advised and appeared for a variety of commercial interests across many sectors. Liz is retained to appear and advise in class actions, particularly those arising in a commercial context involving financial services, markets and insurance.

Liz is regularly briefed in significant litigation for the Australian Securities and Investment Commission, the Australian Tax Office and the Australian Federal Police in corporate, markets and tax matters.

She is ranked in Chambers, Doyles and Best Lawyers.

Principal Areas of Practice

  • Commercial Law See all +Close -
    • Administrative Law
    • Alternative Dispute Resolution
    • Appellate
    • Arbitration
    • Banking and Financial Services
    • Class Actions
    • Competition and Consumer
    • Contracts
    • Corporations and Securities
    • Insurance and Reinsurance
    • Mining resources and energy
    • Partnership disputes
    • Product liability
    • Professional liability
    • Restraint of trade
    • Shareholder class actions
    • Superannuation
    • Trade Practices
  • Common Law See all +Close -
    • Alternative Dispute Resolution
    • Class Actions
    • Insurance and Reinsurance
    • Product liability
    • Professional indemnity
    • Professional liability
  • Criminal See all +Close -
    • Fraud
    • Proceeds of crime
    • White collar and corporate crime
    • Work health and safety
  • Industrial/Employment See all +Close -
    • Disciplinary Proceedings
    • Government Inquiries
    • Restraint of trade
    • Work, Health and Safety Prosecutions
  • Inquests and Inquiries See all +Close -
    • Commissions of Inquiry
  • Public and Administrative Law See all +Close -
    • Alternative Dispute Resolution
    • Appellate
    • Constitutional Law
    • Disciplinary Proceedings
    • Health Law
    • Judicial review and administrative law
    • Merits review
    • Proceeds of crime
    • Public law
  • Taxation and Revenue See all +Close -
    • Alternative Dispute Resolution
    • Income tax


Agribusiness, Banks & Financial Services, Funds, Government, Industrials, Transport and Infrastructure, Primary Resources, Real Estate, Technology, Media & Telecommunications,

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News from Cheeseman

Best Lawyers 2020

The following members of New Chambers have been recognised in the 12th edition of The Best Lawyers in Australia.   Alternative Dispute Resolution David Jackson…

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