NAB units ordered to pay $57.5M in ASIC fees for no service case
ASIC 2020-09-11 11:28 pm By Cat Fredenburgh | Melbourne
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The Australian Securities and and Investments Commission has won a $57.5 million judgment against two units of National Australia Bank for making misleading representations to superannuation customers regarding $100 million in fees charged for services they never received, far short of the $125 million sought by the corporate regulator.

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