Iress accuses ESSSuper of ‘negligence’ in court dispute
Iress has hit back at allegations it breached its contract with industry fund ESSSuper, arguing any member losses were due to the fund’s own negligence.
Financial services software company Iress and its wholly owned subsidiary Financial Synergy Holdings (FSH) have argued the Emergency Services Superannuation Board (ESSSuper) failed to provide “sufficient detail” and was negligent in its operations, as part of a long-running contractual dispute.
Iress filed its defence, obtained by Capital Brief, four months after confirming ESSSuper had filed a lawsuit in the Federal Court of Australia linked to the companies’ Platform Services Agreement.
The defence was prepared by Colin Biggers & Paisley partner Michael Russell, with the firm instructing barristers Christopher Archibald KC and Simon Rubenstein. Law firm Gilbert + Tobin is acting for ESSSuper in the dispute.
In a statement to media in November, ESSSuper president and chair Joan Fitzpatrick said Iress had been contracted to provide technology systems to help the fund manage administration.
