Business
ASIC sues REST Super for misleading conduct – The Australian Financial Review
The corporate watchdog has accused the $60 billion industry fund of misleading and deceptive conduct, alleging it tried to stop members transferring their savings…
REST also told members that if their employer was happy to contribute to their new fund, they would need a signed declaration giving consent to the move and evidence that contributions to REST had ceased, ASIC alleges.
The super fund, which is backed by the Shop, Distributive and Allied Employees Association, also told members they needed to obtain a separation certificate or proof of employment termination from their employer if they wanted to transfer their balance to another fund.
Each of these…
-
General22 hours agoOsborne Park Football Club suspended for two years after Stephen Hawking costume controversy
-
General24 hours agoMelbourne Cup five quick hits: Melham magic, Blake Shinn falls, and concern over blood from Half Yours’s mouth
-
General20 hours agoQueensland medical professionals to take industrial action as negotiations with state government stall
-
Business24 hours ago5 super ASX ETFs to buy with $10,000