Statewide Super cancelled 12,500 fund members’ insurance while charging them, ASIC claims

ASIC 2021-03-04 9:32 pm By Spencer Fowler Steen | Melbourne

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ASIC has launched civil penalty proceedings against Statewide Super alleging that around 12,500 fund members were not covered by any insurance policy for a year despite the super fund informing them that they had cover while deducting monthly premiums worth $1.5 million.

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