The Federal Court has found LGSS Pty Limited, as trustee of the superannuation fund Active Super (Active Super), contravened the law in connection with various misleading representations concerning its environmental, social and governance (ESG) credentials. Active Super claimed in its marketing that it eliminated investments that posed too great a risk to the environment and …
ASIC has made an interim stop order preventing Australian Unity Funds Management Ltd (Australian Unity) from issuing or distributing interests in the Australian Unity Select Income Fund (Fund) to retail clients. ASIC’s action was in response to concerns that Australian Unity failed to take reasonable steps likely to result in distribution conduct being consistent with …
ASIC issues DDO stop order against Australian Unity Funds Management Read More »
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