The Collapse

Canberra is called to account. In Episode 3, we follow investor advocate Melinda Kee through the halls of Parliament House as she puts the questions to Senators and MPs. She finds certain politicians pushing for reform, and builds some unlikely alliances with political figures personally impacted by the scandal. Meanwhile, the Minister prepares to give his first address to the National Press Club outlining the government's plan to reform the sector in response to the Shield and First Guardian collapse.

Every house of cards collapses eventually. In Episode 2, the corporate regulator moves in on the funds and individuals at the centre of the scandal. But where were they earlier? We also meet Melinda Kee and her grassroots group of frustrated investors as they take their fight online. We look into the systems that failed them and the mechanisms for compensation that are leaving thousands waiting and short-changed. And a man at the centre of the scandal comes face to face with a woman who lost all her retirement savings.

Over 11 thousand Australians have lost their superannuation savings. More than $1.1 billion is gone. So how did the Shield and First Guardian master funds go so wrong? In Episode 1, how the funds got their hundreds of millions of dollars. We meet Wayne and Susy, regular working Australians who lost everything. And we follow the money through court documents to a luxury used-car dealership in the suburbs of Melbourne and a shiny Lamborghini that plays a surprising role.