Concerns raised over AFCA jurisdiction gap
A law firm has written to the Australian Financial Complaints Authority to advocate for a review of the gap in jurisdictional coverage that prevents advice complainants from seeking remediation from superannuation trustees. With most licensees involved in the Shield and First Guardian collapses having been cancelled, not involving trustees in the remediation process could see clients miss out on hundreds of thousands of dollars.
October 15, 2025


Regulation