# Barnaby Joyce erupts as his ex-wife loses $400,000 from their divorce settlement to First Guardian superannuation scandal

- URL: https://talkfuse.com/story/barnaby-joyce-erupts-as-his-ex-wife-loses-400000-from-their-divorce-settlement-to-first-guardian-superannuation-scandal/
- Published: 2026-10-27T03:53:05+00:00
- Updated: 2026-10-27T04:03:25+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16240667/Barnaby-Joyce-erupts-ex-wife-loses-400-000-divorce-settlement-Guardian-superannuation-scandal.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Government, Politics, World

## Key points

- Joyce says his former wife lost $400,000 in the fund collapse.
- More than 12,000 people lost savings totalling about $1.2 billion.
- The compensation scheme has a $170 million funding gap.

## Summary

Barnaby Joyce has accused the Australian government of failing to support people affected by the collapse of the First Guardian and Shield Master superannuation funds. He said his former wife, Natalie Abberfield, lost $400,000 from their divorce settlement, highlighting the personal impact of a failure that has left thousands facing uncertainty over their retirement savings.

More than 12,000 customers lost savings when the funds collapsed in May 2024, owing about $1.2 billion. Joyce criticised a compensation scheme that faces a $170 million funding shortfall, while the consumer group CHOICE says there has been little accountability despite 14 ongoing court actions involving 31 people. Government reforms to strengthen consumer protections were announced in August.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.