The latest issue of Financial Standard now available as an e-newspaper

READ NOW

ASIC loses case against Diversa

BY JAMIE WILLIAMSON | TUESDAY, 24 OCT 2023 4:08PM

The Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act.

Upgrade your subscription to access this article

And gain access to:

All website content, including archived news
Home page news customisation
Tech Zone, your technical resource library

And more

Already A Subscriber?

UPGRADE SUBSCRIPTION

Read more: ASIC, Diversa, Australian Dealer Group, OneVue, YourChoice Super, Nizi Bhandari, Sarah Court

VIEW COMMENTS

Related News

►	FEATURE \| Member engagement \| On the ball
►	Diversa drags Praemium into First Guardian lawsuit
►	APRA investigating Diversa's executive compensation
►	Mercer Super fined $10.3m for reportable situations failures
►	ASIC sues three Keystone Asset Management directors
►	HSBC Bank fined $35m in landmark scam-protection failures
►	Block Earner found to have offered an unlicensed financial product
►	ASIC cancels AFSL of Australian Fiduciaries
►	Treasury expects regulators to do the heavy lifting
►	FAAA warns adviser levies could exceed $5k as ASIC costs climb

Editor's Choice

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI

ASIC has cancelled the Australian financial services licence (AFSL) of Queensland-based Australian Fiduciaries, which is currently in liquidation.

Treasury expects regulators to do the heavy lifting

MATTHEW WAI

Treasury has released new Statements of Expectations for APRA and ASIC, with an emphasis on how the regulators should promote a more sustainable and secured financial ecosystem.

NGS Super names head of strategy

MATTHEW WAI

NGS Super has appointed a former ASFA committe member as head of strategy, as the fund aims to strengthen its retirement offering.

SS&C axes jobs, shifts roles offshore

RIDDHIMA TALWANI

US software services giant SS&C Technologies has slashed 170 Australian roles in the operations, technology and delivery teams.

Videos

Brought to you by

Maintaining a fundamental focus in a world obsessed with the short term

Product showcase: A guaranteed future

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

The market has changed. The opportunity hasn't.

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE

Effie Dimitropoulos

Chief executive

AUDD

Digital assets and where they stand in 2026

So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.

READ MORE

Jessica Sclafani

Global retirement strategist

T. Rowe Price

Rethinking default design in a changing market environment

The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.

READ MORE

Industry Events

MORE INDUSTRY EVENTS

JUL

Advisers Big Day Out - Sunshine Coast

JUL

Advisers Big Day Out - Gold Coast

JUL

Advisers Big Day Out - Geelong

Featured Profile

MORE PROFILES

Blake Briggs

CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL

Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

READ MORE