Super Members Owed $446 Million After Major Fund Collapse: Liquidator

Liquidators and ASIC continue to investigate amid claims the failed company had purchased a luxury sports car.
Super Members Owed $446 Million After Major Fund Collapse: Liquidator
Australian banknotes and a one dollar coin. Squirrel_photos/pixabay
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The liquidator in charge of a collapsed superannuation fund that may owe investors up to $446 million says it’s too early to determine what returns, if any, investors might receive.

The First Guardian Master Fund superannuation company collapsed earlier in the year, while holding hundreds of millions of dollars belonging to 6000 investors, most of whom had gone via superannuation platforms.

Crystal-Rose Jones
Crystal-Rose Jones
Author
Crystal-Rose Jones is a reporter based in Australia. She previously worked at News Corp for 16 years as a senior journalist and editor.