The barrister for IOOF's former chairman George Venardos has raised concerns that providing documents could be used in separate regulatory action.
Mid-October termination date if P&I approvals are not received from ANZ,the board of its independent OnePath trustee and now,possibly APRA.
The nation's second biggest wealth manager is battling to contain a string of problems.
The embattled wealth manager has been given show cause notices and will not contest allegations it breached its licence.
IOOF was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached sharemarket disclosure obligations.
UBS analysts are valuing IOOF as though it won't complete its deal to buy ANZ's pensions and investments business.
Embattled wealth manager IOOF has announced the departure of its long-time chief executive,Chris Kelaher,amid a legal battle with the banking regulator.
Wholesale board renewal and more senior executive changes are a cleaner solution,if IOOF is serious about rebuilding trust.
Positive sentiment over trade talks have helped override some disappointing results.
IOOF will spend an additional $20 million to $30 million in compliance and regulatory costs between now and fiscal 2020 to ensure it meets Australian Prudential Regulatory Authority licence conditions.
For the last five months the boss of financial service juggernaut IOOF,Chris Kelaher has been stuck in the trickiest of business bunkers. Lucky he loves golf.