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ASIC Launches Civil Action Against Equity Trustees Over Shield Master Fund Oversight
10:03am on Tuesday 26th of August, 2025 AEST
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Financial Services
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ASIC Launches Civil Action Against Equity Trustees Over Shield Master Fund Oversight
10:03am on Tuesday 26th 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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