Australian Regulator Sues EQT Holdings' Superannuation Unit over First ...

Australian regulator sues EQT Holdings' superannuation unit over First ...

ASIC sues Equity Trustees over $65m fund collapse

ASIC has sued Equity Trustees over the collapsed First Guardian Master Fund alleging it failed to exercise due care, skill and diligence. The trustee intends to fight the charges.

ASIC enters final stages of Shield, First Guardian probe

In its latest legal action, the corporate regulator alleges Equity Trustees’ platforms were used to funnel more than $65 million into First Guardian.

ASIC lodges more First Guardian legal action, alleging 'diligence' failures by Equity Trustees

The corporate watchdog alleges ASX-listed Equity Trustees did not obtain critical information before onboarding First Guardian. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

ASIC sues Equity Trustees over $65M invested in First Guardian fund

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me The corporate regulator has filed proceedings alleging superannuation trustee Equity Trustees failed to act in members’ best interests by allowing them to sink $65 million into Falcon Capital’s First Guardian Master Fund. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Rememb…

ASIC launches action against EQT for $65m First Guardian failures

ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This comes after the regulator also launched separate proceedings against Equity Trustees in August 2025, alleging failures in due diligence concerning the Shield Master Fund which oversaw around $160 mi…