AustralianSuper fined $27 million after ASIC investigation into failing to merge multiple superannuation accounts
21 February 2025
AustralianSuper, the trustee of Australia’s largest superannuation fund, will pay a $27 million penalty after the Federal Court today found that it failed to merge multiple member accounts.
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Delivering a step-change in superannuation
30 January 2025
Joint keynote speech by ASIC Commissioner Simone Constant at the Conexus Financial Super Chair Forum.
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ASIC calls out superannuation trustees for weak scam and fraud practices
30 January 2025
ASIC has written to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing members to harm.
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ASIC and APRA host Superannuation CEO Roundtables to discuss climate risk
20 January 2025
APRA and ASIC have released public notes from the latest Roundtables. The theme of these Roundtables were key issues related to climate and nature risk.
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End-to-end accountability: Remarks to ASFA Conference 2024
20 November 2024
Remarks by ASIC Commissioner Simone Constant at Association of Superannuation Funds of Australia Conference 2024 in Sydney on 20 November 2024.
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ASIC writes to superannuation trustees to drive improvement to death benefit claims handling
19 November 2024
ASIC has written to the CEOs of superannuation trustees, urging them to assess their death benefit claims handling practices and address any identified deficiencies.
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ASIC sues Cbus alleging systemic claims handling failures
12 November 2024
More than 10,000 members and claimants of the Construction and Building Unions Superannuation Fund (Cbus) were impacted by death benefits and total and permanent disability (TPD) insurance claims taking more than 90 days to be processed, according to allegations contained in documents lodged by ASIC in the Federal Court.
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