SMSFs could have to pay victims of financial misconduct
On April 10, the Australian Financial Complaints Authority ruled that InterPrac Financial Planning should compensate Melinda Kee $368,093 for her losses. However, InterPrac is challenging the decision in court, delaying payouts for Kee and over 11,800 investors who collectively lost more than $1 billion due to the collapse of the First Guardian.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 13 Jul 2026, 18:53 UTC · Updated 13 Jul 2026, 19:00 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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