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Enforcement/asicCWLTH

Prime Super pays ASIC infringement notice alleging misleading statements about tobacco investments

25-267MR

infringement31 Oct 2025Penalty $19K

Respondent

Prime Super Pty Ltd

Facts

Prime Super Pty Ltd (Prime Super) has paid $18,780 to comply with an infringement notice issued by ASIC in which ASIC alleged that Prime Super as the Trustee of the Prime Super Superannuation Fund (Fund) made misleading statements about the Fund’s investments.

Outcome

ASIC infringement notice of $18,780 paid — Prime Super Pty Ltd, as trustee of the Prime Super Superannuation Fund, over alleged misleading statements that tobacco manufacturers were excluded from the Fund (paid 2025-10-31). Payment is not an admission. See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-267mr-prime-super-pays-asic-infringement-notice-alleging-misleading-statements-about-tobacco-investments

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