MLC admits to contraventions in $17.5M ASIC suit
Alicia Lyons 2022-03-24 10:49 pm By Cindy Cameronne | Sydney
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Wealth manager MLC Limited has admitted to violating the Corporations Act by failing to send overdue notices to policyholders over a 15-year period, but will defend the bulk of ASIC’s claims in proceedings accusing it of causing $17.5 million in harm to over a quarter of a million consumers.

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