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flag APRA forces Diversa to hire an independent expert to fix weak investment oversight after governance failures.

flag APRA has imposed new licence conditions on Diversa Trustees, overseeing $15 billion and 291,000 superannuation members, citing weak investment governance and oversight. flag Effective December 23, 2025, Diversa must appoint an independent expert to review its investment choices, fix deficiencies in monitoring and selection, and gain approval before adding high-risk options. flag The move follows APRA’s broader push for stronger oversight, mirroring actions against Equity Trustees, and comes amid ongoing investigations into fund mismanagement and potential fraud linked to the First Guardian collapse.

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