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DENNIS ZINK: Ask yourself: As a business owner, are you 'in the know'?

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Court finds former superannuation trustee Tidswell Financial Services failed to act efficiently, honestly and fairly


Date Time
Court finds former superannuation trustee Tidswell Financial Services failed to act efficiently, honestly and fairly
On 27 July 2021, the Federal Court made declarations that Tidswell Financial Services Ltd (Tidswell), failed to act efficiently, honestly and fairly when providing financial services.
The Court found that between 30 November 2016 and 14 February 2018, while it was a superannuation trustee, Tidswell:
failed to adequately monitor MobiSuper Pty Ltd (Mobi), the promoter one of its superannuation sub-funds, to ensure business model risks were addressed, including prevention of false or misleading representations and the risk of giving unauthorised personal advice; and
failed to comply with Prudential Standard SPS 231 Outsourcing as issued by the Australian Prudential Regulation Authority (APRA). ....

Justice Jackson , Andrew Grover , Australian Prudential Regulation Authority , Sarah Court , Mobisuper Pty Ltd Mobi , Tidswell Financial Services Ltd , Financial Pty Ltd , Federal Court , Mobisuper Pty Ltd , Prudential Standard , Corporations Act , Chair Sarah Court , Pty Ltd , Registrable Superannuation Entity , நீதி ஜாக்சன் , ஆண்ட்ரூ தோப்பு , ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் , சாரா நீதிமன்றம் , நிதி ப்டி லிமிடெட் , கூட்டாட்சியின் நீதிமன்றம் , விவேகமான தரநிலை , நிறுவனங்கள் நாடகம் , ப்டி லிமிடெட் ,