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Showing 41 - 50 of 340 results for "Victims"

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
Macquarie is heading to court with ASIC over its role in the Shield Master Fund collapse but has committed to reimbursing investors' retirement savings by September 30. ASIC commenced proceedings in the Federal Court against Macquarie Investment ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
Equity Trustees has marked down the value of units held in the Shield Master Fund by as much as 75%, as victims petition the government for $5 million to start a recovery fund. The Save Our Super campaign, comprising victims of the Shield Master Fund ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... passwords obtained on the dark web. The hackers were able to withdraw money from retiree members' accounts and, while the victims were reimbursed, many were baffled by how such a well-established institution, one of such scale, could allow such a ...

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
... prevent prolonged disputes. Acknowledging the negative impact on survivors seeking redress, SMC said current systems subject victims to complex barriers and possible re-traumatisation due to these adversarial processes. SMC recommended the introduction ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... of remediation obligations regarding the collapse of the Shield Master Fund and First Guardian Master Fund, saying that victims should be "fully compensated" via superannuation funds' reserves. InterPrac is currently facing $22 million worth of Australian ...

Government scraps inquiry into advice firm failures, Dixon Advisory

JAMIE WILLIAMSON  |  FRIDAY, 29 AUG 2025
... Inquiry was investigating are not resolved, and that the misdeeds at Dixon Advisory are not an isolated case. It betrays the victims, and all consumers, who have put their faith in the government to fully investigate these collapses so we can understand ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... treasurer Stephen Jones announced Labor would undertake a post-implementation, comprehensive review of the CSLR to ensure victims of financial misconduct have a sustainable avenue for redress. The first round of consultation took place between January ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... investigation into the collapse of the two managed investment schemes has affected 11,000 investors. This does not factor in victims of Australian Fiduciaries, ISG, and United Global Capital (UGC), which have collapsed in recent years. ASIC now wants ...

Mercer Super, Virgin Money Super members caught in Australia Post burglaries

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
Mercer Super and Virgin Money Super members are the victims of an Australia Post security breach following several burglaries at its Melbourne GPO. Australia Post said the break-ins occurred between July 6 and 17 and the "theft of some mail articles" ...

FAAA fights to reignite Dixon inquiry

MATTHEW WAI  |  THURSDAY, 24 JUL 2025
... of Last Resort (CSLR) levy continuing to surge through the $20 million sub-sector cap. Although CSLR aims to compensate victims who are primarily affected by malpractice, it is completed at the expense of advisers who were not involved in the misconduct. ...