Notice of Disqualification – Amanda Shutes – 4 November 2026

The Australian Taxation Office (ATO), acting under the Superannuation Industry (Supervision) Act 1993 (SISA), has issued a formal notice of disqualification against Amanda Shutes, effective 4 November 2026. This regulatory action prohibits the individual from serving as a trustee, investment manager, or custodian for any superannuation entity under federal law.

Statutory Authority and Disqualification Grounds under SISA Section 126A

The disqualification follows a determination by the Deputy Commissioner of Taxation that the subject served as a responsible officer of a corporate trustee during periods where the entity committed multiple contraventions of the SISA. The Commissioner concluded that the severity of these regulatory breaches necessitates the permanent removal of the individual from positions of fiduciary responsibility within the superannuation sector.

Key Statutory Definitions and Enforcement Thresholds

Disqualification Effective Date

The prohibition is immediate, commencing on 4 November 2026, the date the notice was issued by the delegate of the Commissioner of Taxation.

Prohibited Roles

The subject is legally barred from acting as a trustee, investment manager, or custodian of a superannuation entity, or as a responsible officer of such bodies.

Criminal Penalty Threshold

Knowingly acting in a prohibited capacity constitutes a criminal offense under section 126K of the SISA, carrying a maximum custodial sentence of two years.

Regulatory Compliance and Appeal Mechanisms

The subject retains specific procedural rights and obligations regarding the finality of this administrative decision. Compliance with the following requirements is mandatory for the subject and relevant superannuation entities:

• Mandatory Cessation: The subject must immediately vacate any positions as a trustee, investment manager, or custodian of a superannuation entity to avoid criminal liability.
• Public Disclosure: Under subsection 126A(7), the ATO is required to publish the details of this disqualification as a notifiable instrument within the Federal Register of Legislation.
• Administrative Review: The subject may request a formal reconsideration of the decision under section 344 of the SISA, provided the application is submitted in writing within 21 days of receipt.
• Revocation Provision: The Commissioner maintains the authority to revoke the disqualification status under subsection 126A(5), either through internal initiative or upon a formal written application by the disqualified party.

Summary of Statutory Compliance Obligations

Table of Contents

Statutory Authority and Disqualification Grounds under SISA Section 126A
Key Statutory Definitions and Enforcement Thresholds
Regulatory Compliance and Appeal Mechanisms
Summary of Statutory Compliance Obligations