Federal Court orders First Mutual Private Equity and unregistered managed investment scheme to be wound up

26-153MR

court order14 July 2026

Respondent

First Mutual Private Equity Pty Ltd

Facts

The Federal Court has ordered that First Mutual Private Equity Pty Ltd ( First Mutual ) and the unregistered managed investment scheme operated by it and Gregory Raymond Cotton ( Mr Cotton ) be wound up, following an application by ASIC.

Outcome

Federal Court ordered First Mutual Private Equity Pty Ltd and the unregistered managed investment scheme operated by it and Gregory Raymond Cotton to be wound up, and appointed liquidators, on ASIC's application (2026-07-14). ASIC's investigation is ongoing. 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/2026-releases/26-153mr-federal-court-orders-first-mutual-private-equity-and-unregistered-managed-investment-scheme-to-be-wound-up

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