Judge slams APRA case against IOOF as ‘fundamentally inadequate’ and ‘tenuous in the extreme’

Financial Services 2019-09-20 10:04 am By Amelia Birnie | Sydney

APRA’s purely documentary case against troubled fund manager IOOF has been dismissed by the Federal Court as “unpersuasive”, “fundamentally inadequate” and “tenuous in the extreme”, in another major blow to financial services regulators pursuing action in the wake of the banking royal commission.