{"id":3460,"date":"2025-07-18T15:31:22","date_gmt":"2025-07-18T15:31:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/3460\/"},"modified":"2025-07-18T15:31:22","modified_gmt":"2025-07-18T15:31:22","slug":"compensation-scheme-of-last-resort-eyes-300m-bill-for-scheme-failures","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/3460\/","title":{"rendered":"Compensation Scheme of Last Resort eyes $300m bill for scheme failures"},"content":{"rendered":"

Compensation for thousands of consumers who could lose their retirement savings with the collapse of the First Guardian and Shield Master Trust investment schemes could top out at $300 million, despite almost $1 billion in superannuation being at risk between the two entities.<\/p>\n

The warning from the Compensation Scheme of Last Resort comes as the two companies are pursued by the Australian Securities and Investments Commission<\/a>, with the regulator successfully obtaining orders restricting the travel of two company directors connected to First Guardian.<\/p>\n

Loading…<\/p>\n","protected":false},"excerpt":{"rendered":"Compensation for thousands of consumers who could lose their retirement savings with the collapse of the First Guardian…\n","protected":false},"author":2,"featured_media":3461,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-3460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/3460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=3460"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/3460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/3461"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=3460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=3460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=3460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}