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Natalie Peng, Lecturer in Accounting, The University of Queensland

ASIC’s lawsuit against Cbus has put the big super funds on notice

Yuri A/Shutterstock

Does your superannuation fund also provide you with insurance? Many of us are automatically enrolled without even realising. Now, the way super funds handle such claims has been thrust into the spotlight.

Australia’s corporate watchdog – the Australian Securities and Investments Commission (ASIC) – has put our $3.9 trillion superannuation sector on notice, launching legal action against one of the country’s largest industry super funds.

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