EQT Holdings Limited (ASX:EQT) today responded to the infringement notices issued by the Australian Prudential Regulation Authority (APRA).

The notices related to the late reporting of data for a number of superannuation funds which are serviced under the RSE licence of subsidiary, Equity Trustees Superannuation Limited (ETSL).

Equity Trustees accepts that the required reporting standards under the Financial Sector (Collection of Data) Act 2001 for the September 2023 quarter were not met and recognises the importance of accurate and timely data required by the regulator.

Importantly, no members were impacted by the late reporting of the data.

Steps were taken immediately with the fund administrator once it became clear that they were not able to meet the required deadline, with ETSL promptly informing the regulator and maintaining communication throughout on progress to address the situation.

Equity Trustees took all prudent and reasonable steps to abide by the conditions of the relevant Act. In this instance Equity Trustees sought to prioritise accurate reporting of data, rather than meeting the required time frame.

EQT Holdings Limited does not expect to incur any financial liability in respect of the infringement.

Mick O’Brien, Managing Director, has authorised that this document be given to the ASX.

Download the ASX Announcement

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Further information

Media

Alicia Kokocinski

General Manager – Marketing & Communications         

03 8623 5396 / 0403 172 024

akokocinski@eqt.com.au

Investors

Mick O’Brien                                             Philip Gentry

Managing Director                                   Chief Financial Officer and Chief Operating Officer

+61 3 8623 5202                                        +61 3 8623 5372

mobrien@eqt.com.au                               pgentry@eqt.com.au

Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers. Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Adelaide, Sydney, Brisbane and Perth.