Former Statewide Super execs cleared of dishonesty charges
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.
Former Statewide chief risk officer (CRO), Kieran Francis Netting, was acquitted by jury on 7 October and his colleague Grant David Eastwood, who was the former Statewide chief financial officer (CFO), was acquitted on 15 October.
ASIC had alleged Eastwood dishonestly used his position in the procurement of a firm Cosight Pty Ltd (formerly known as Fintrix Systems Pty Ltd), to provide services to Statewide. He had commenced as Statewide CFO in February 2016.
Similarly, allegations against Netting including dishonestly using his position regarding a review he conducted connected to the appointment of Cosight to deliver services to Statewide. He had commenced as CRO in February 2017.
The pair had appeared before Adelaide Magistrates’ Court in February 2024 and pleaded not guilty to all charges before being commited to trial in the District Court in September 2025.
South Australian industry fund Statewide merged with Hostplus in April 2022.
This matter was prosecuted by the Commonwealth Director of Public Prosecutions after a referral from ASIC.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The super fund has appointed Queensland director and super fund executive Brendan O’Farrell to its board as part of its ongoing governance renewal.
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the institutional channel.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
211.16 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
