Equity Trustees channels Trio scandal in approach to Shield remediation
In compensating victims of the collapsed Shield Master Fund, Equity Trustees is hoping to rely on an obscure legal mechanism that saw victims of the Trio Capital fraud remediated by the government, which then recouped its costs via a superannuation levy. Along with its previously stated intent to help members pursue claims through the CSLR, it shows a preference from the trustee to push for external parties to help with compensation.
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