An Australian Super Fund has been fined $10.5 million for misleading customers.
The company, which previously operated as a pension scheme, falsely claimed to invest in coal and crude oil, according to allegations by Australian police.
The Australian Securities and Investments Commission regularly investigates financial institutions involved in such fraudulent activities.
As a result, the legal department has ordered Acting Super to pay the full fine within 30 days of receiving the notice.
Zero-alcohol drinks which convincingly mimic their alcoholic counterparts are providing a "gateway" into underage drinking for Australian teenagers, new research suggests.
A red wine has been recalled because it may contain an undeclared allergen.
Former President Ranil Wickremesinghe appeared before the Commission to Investigate Allegations of Bribery or Corruption today to provide a statement...
Zero-alcohol drinks which convincingly mimic their alcoholic counterparts are providing a "gateway" into underage drinking for Australian teenagers, new research suggests.
A red wine has been recalled because it may contain an undeclared allergen.
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