2 June 2023 - ASIC halts offer of Spaceship Super and Spaceship Voyager Funds
ASIC has made interim stop orders on one superannuation product and three managed funds promoted by Spaceship Capital Limited (Spaceship Capital) due to deficiencies in their target market determinations (TMDs). The funds are:
- Spaceship Super, a sub-plan of Tidswell Master Superannuation Plan, issued by Diversa Trustees Limited (Diversa),
- Spaceship Earth Portfolio (ARSN 643 773 282), Spaceship Origin Portfolio (ARSN 623 312 087), and Spaceship Universe Portfolio (ARSN 623 321 022) (together, the Spaceship Voyager Funds), issued by Spaceship Capital as the responsible entity.
The order made in respect of Spaceship Super is the first interim stop order on a superannuation product under the design and distribution obligations (DDO).