The action relates to alleged breaches of the Corporations Act 2001 (Cth) (Act) design and distribution obligations (DDO) by AUFM during the period between October 2021 (when the DDO came into effect) and October 2023. 

This follows AUFM self-reporting relevant matters to ASIC in September and October 2023. Importantly, the proceedings do not concern aspects of SIF's operational management or the integrity of SIF investment products. 

Australian Unity treats all regulatory matters with the utmost seriousness and has assisted ASIC throughout its investigation leading up to the issuing of the proceedings.  

Australian Unity remains focused on continuing to offer retail investors access to varied investment opportunities, while meeting related regulatory obligations.

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Media contact

T: 1300 408 776
E: media@australianunity.com.au

About Australian Unity

Established in 1840, Australian Unity is a member-owned wellbeing company with more than 370,000 members and more than 700,000 customers. 
Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.