The Federal Court ruled the AustralianSuper breached the law when it did not merge members’ duplicate accounts.
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A Federal court judge has fined AustralianSuper $27 million after it admitted to contravening the Superannuation Act over members’ duplicate accounts.
The Federal Court ruled the AustralianSuper breached the law when it did not merge members’ duplicate accounts.
The Federal Court ruled that AustralianSuper breached the law when it did not merge members’ duplicate accounts.
Australia’s biggest superannuation fund has been fined $27m for charging duplicate fees to tens of thousands of customers.
AustralianSuper hit with a $27 million fine for failing 90,000-plus members as ASIC vows to maintain vigil.
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