The Conduct of an ASIC Officer

ASIC was first advised of the criminal concealment of the original Trust Deed and of instruments that purport to vary the terms of the original Trust Deed in March 2009

It is an indictable offence for a “Responsible Officer” of a Trustee of a regulated superannuation fund to wilfully conceal the Deeds of a superannuation trust from persons who have a beneficial interest in the trust pursuant to subsection 1017C(5) of the Corporations Regulations 2001.

Instead of enforcing disclosure of the original Trust Deed and all the instruments that purported to amend the terms of the original Trust Deed that established an occupational pension trust on the 23 December 1913 in the State of South Australia, an ASIC officer, Mr Greg Hackett, only enforced disclosure of a document dated 26 August 1986 that Mr Hackett represented as the “Trust Deed” of the fund.

Now it is possible that the ASIC officer was initially an innocent dupe who ad been decieved by a dishonest Trustee that had not even been lawfully appointed to the office of trustee.

Mr Greg Hackett has subsequently been provided with the evidence necessary to confirm that:

  • (i) the document dated 26 August 1986, could not possibly be a “Trust Deed” for the fund, and
  • (ii) the purported Deed of Variation is easily proven to be fraudulent.
  • The key question in this major fraud centres on the following question:

    “Did a document described as a “Deed” and executed by Ken Jarrett on behalf of Elders IXL Limited on 26 August 1986 validly amend the terms of an occupational pension trust established on the 23 December 1913 in the State of South Australia?

    This question and the principles of law required to prove the “Jarrett Deed” to be fraudulent were provided to Mr Hackett in the following document:

    ASIC Officer Greg Hackett – The Jarret Question

    Mr Hackett now cannot claim that he is not well educated as to the laws of trusts.Mr Hackett was then given the opportunity to finally enforce the disclosure obligations of the purported Trustee and to explain his actions in the following document:

    Questions of Public Interest for ASIC Officer Greg Hackett