Federal Court orders $925,000 in penalties against RM Capital and SMSF Club for conflicted remuneration breaches

25-313MR

civil penalty19 Dec 2025Penalty $350K

Respondent

The SMSF Club Pty Ltd

Facts

The Federal Court has ordered Australian financial services licensee RM Capital Pty Ltd to pay a $575,000 penalty and its authorised representative The SMSF Club Pty Ltd to pay a $350,000 penalty over conflicted remuneration breaches.

Outcome

ASIC civil penalty of $350,000 — The SMSF Club Pty Ltd, an authorised representative of RM Capital Pty Ltd, for accepting conflicted remuneration (referral fees totalling $135,863.65 from Positive RealEstate) (2025-12-19). It must also give ASIC an independent expert's report on its systems for complying with s 963G(1) within six months. RM Capital Pty Ltd was separately ordered to pay $575,000. 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/25-313mr-federal-court-orders-925-000-in-penalties-against-rm-capital-and-smsf-club-for-conflicted-remuneration-breaches

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