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ABC News

Business

business reporter Emilia Terzon

AustralianSuper's 'alarming' $70m double-up on customer accounts sparks calls for wider investigation

AustralianSuper Australia ASIC Insurance Rosie Thomas APRA

AustralianSuper says it has informed regulators of the double charging. (Supplied)

Australia's biggest superannuation fund has revealed that it has been double charging some customers, and will refund around $70 million in fees and insurance costs to about 100,000 people.

AustralianSuper started internally investigating one year ago whether it had customers who inadvertently had multiple accounts going back as far as 2013.

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