I'm curious - did the APRA enforcement extinguish the contingent liabilities listed under ASIC in the last report for AMP Group Holdings or are they separate items? (see pages 22 & 23 of the report or pages 28/29 of the .pdf)
https://corporate.amp.com.au/content/dam/corporate/shareholdercentre/files/reports/2021/September/210916-AMP_Group_Holdings_Limited_HY21_Directors_Report_and_Financial_Report.pdf
Reading through the contingent liabilities, am I correct in understanding that AMP still have the following four class actions to be resolved for which no provisions have been raised yet?ShareholderClass Action - Komlotex Pty Ltd v AMP Ltd; Fernbrook (Aust) Investments PtyLtd; AMP Ltd: NSW Supreme Court
SuperannuationClass Actions - DALE ROBERT ALFORD & ORS v AMP SUPERANNUATION LIMITED &ORS; Australian Federal Court
Financial Adviser ClassAction - EQUITY FINANCIAL PLANNERS PTY LTD v AMP FINANCIAL PLANNING PTY LTD; Australian Federal Court
Commissions for Advice andInsurance Advice Class Action - NIGEL PETER STACK & ORS v AMP FINANCIALPLANNING PTY LIMITED & ORS; Australian Federal Court
I'm curious - did the APRA enforcement extinguish the contingent...
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