p.s. While ASIC haven't assisted Jervois shareholders in this...

p.s. While ASIC haven't assisted Jervois shareholders in this matter, at least they have been busy going after Australian Super.

What a disgrace by AustralianSuper. Failed to merge super accounts & double-charged (+ more) a lot of customers for almost a decade. To quote Sarah Court "Aussie Super betrayed the trust of its members & did not act in their best financial interests". They were fined A$27m.

https://www.securitiesfinancetimes.com/securitieslendingnews/regulationarticle.php?article_id=227686

And only a few weeks later, Australian Super have been sued by ASIC for failing to process thousands of death benefit claims "efficiently, honestly & fairly".

https://www.abc.net.au/news/2025-03...ath-processing-benefit-claims-delay/105040450

What an appalling clown show by Australia's leading industry super fund.

A pity ASIC didn't look into them re: their own fiduciary duty to their members - Mum & Dad retirees - with regards to their ostrich in the sand approach to their Jervois investment. These portfolio managers are clueless muppets.