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ASIC roundup: A$10.5m penalty on Active Super, more frozen assets

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg

4 min read

The Australian Securities & Investments Commission’s latest actions and news, March 17 – 21, 2025.

Frozen assets of Rashid Alshakshir – March 18, 2025

The Federal Court has made orders to freeze the assets of Rashid Alshakshir, director of Lion & Horn Pty Ltd, Nohap Pty Ltd, and Indigo Group Pty Ltd (all in liquidation).

Alshakshir and various entities connected to him are being looked

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