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Trustees disqualified
Two men disqualified by the Australian Prudential Regulation Authority (APRA) from acting as superannuation trustees, investment managers or custodians have withdrawn their appeal to the (AAT).
The men, and were former trustee directors of the $20 million, 488-member Strategic Capital Superannuation Fund, and were disqualified by APRA in August last year.
With the withdrawal of their appeal to the AAT, both van Rens and Glass are now deemed to have been formally disqualified under the terms of the Superannuation Industry (Supervision) Act.
AUTHOR
Mike Taylor
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