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ASIC Launches Civil Action Against Equity Trustees Over Shield Master Fund Oversight

11:35pm on Friday 29th of August, 2025 AEST Financial Services
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ASIC Launches Civil Action Against Equity Trustees Over Shield Master Fund Oversight

11:35pm on Friday 29th of August, 2025 AEST
Key Points
  • ASIC files civil proceedings against Equity Trustee Superannuation Limited
  • Allegations focus on due diligence and monitoring failures for Shield Master Fund
  • Equity Trustees cooperating fully and reviewing the claim
  • Support and recovery efforts underway for impacted members
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