The Australian Securities & Investments Commission (ASIC) has obtained Federal Court orders appointing receivers to SRI Fiduciaries 2 Pty Ltd and SRI Fiduciaries 3 Pty Ltd, entities related to Australian Fiduciaries Limited, and freezing their assets as part of an asset preservation action aimed at protecting investor funds while ASIC investigates the group. Matthew Charles Hudson and Terry van der Velde of SV Partners were appointed as receivers and ordered to investigate how investor funds were used and report to the Court within 45 days. The orders followed similar measures made on 2 September 2025 covering six other related entities, and ASIC stated that Australian Fiduciaries and 30 related entities are now either in liquidation, subject to Court orders or undertakings to preserve assets, or have Court appointed receivers. ASIC estimates around 600 Australian retail investors invested about AUD 160 million into managed investment schemes offered by Australian Fiduciaries since February 2020, predominantly through self-managed super funds, with unit distribution ceasing in September 2023; ASIC’s investigation includes concerns about conflicts of interest, sales and investment pathways into a complex related-party group, valuation practices, and loss of value in underlying assets. The Court’s original orders made on 2 September 2025 were vacated and updated with new orders dated 11 September 2025, and the receivers’ report to the Court is due within 45 days.

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