Barnaby Joyce reveals ex-wife lost $400k in massive $1.1bn super collapse

Key points

• One Nation MP Barnaby Joyce has criticised the government for failing to support thousands of people who lost savings in the $1.1bn collapse of the Shield Master Fund and First Guardian. Joyce said he gave his ex-wife $400,000 as part of their divorce settlement, and that money is now gone.
• He urged the government to pay victims their super so they can retire, rather than a partial compensation payment.
• A Choice podcast investigation says about 11,000 Australians lost retirement savings, and the Australian Securities and Investments Commission has 14 ongoing court actions against 31 people.