ASIC v Active Super (greenwashing)
court judgment5 June 2024
Respondent
LGSS Pty Ltd (Active Super)
Facts
Active Super marketed itself as having eliminated exposure to tobacco, gambling, oil tar sands and other categories — Federal Court found this was misleading because investments in those categories existed within the fund.
Outcome
Federal Court declared misleading conduct; penalty hearing to follow.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.