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APRA tightens oversight of Diversa investment governance

The regulator has imposed new licence conditions on Diversa to strengthen investment governance and member outcomes. APRA has imposed additional licence conditions on Diversa Trustees Limited to address concerns about its investment governance frameworks and oversight of platform investment options available to members. Diversa is the trustee for 10 registrable superannuation entities and oversees approximately 291,000 member accounts and more than $15 billion in funds...

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