On 4 September 2025, following an application made by ASIC, the Federal Court has ordered that Matthew Charles Hudson and Terry van der Velde of SV Partners be appointed receivers to the property of SRI Fiduciaries 2 Pty Ltd and SRI Fiduciaries 3 Pty Ltd-related entities of Australian Fiduciaries Limited (Australian Fiduciaries)-and made orders freezing their assets.
These orders follow the Court's appointment on 2 September 2025 of the same receivers and the making of similar freezing orders to six other related entities.
The receivers are ordered to, among other things, conduct investigations into how those funds were used and provide a report to the Court within 45 days.
ASIC took this action due to concerns about the recoverability of funds that had been invested into the related entities.
The appointments means that Australian Fiduciaries and 30 related entities are now either in liquidation, subject to Court orders or undertakings to preserve assets, or have Court appointed receivers.
