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Court dismisses appeal in death benefit dispute

The Full Federal Court has dismissed an appeal against an earlier court decision examining the distribution of a death benefit and the definition of a dependant. In March last year, the Federal Court

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Super Alert - 2 December 2022: Financial sector Reform Bill passes; CPS 234 requirements; SDT project; AFCA death benefit determination

Superannuation monthly update – Regulator updates, Legislation, and Cases - Fund Management/ REITs

Westpac subsidiary BT Funds Management penalised $20 million for incorrectly charging commissions for insurance

Westpac subsidiary BT Funds Management penalised $20 million for incorrectly charging commissions for insurance
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ASIC: Westpac Subsidiary BT Funds Management Penalised $20 Million For Incorrectly Charging Commissions For Insurance In Superannuation

<p><span>The Federal Court has today ordered Westpac subsidiary and superannuation trustee, BT Funds Management Limited (BT Funds), pay a $20 million penalty for incorrectly charging commission payments to members of one of its superannuation funds.</span></p> <div><span><br /></span></div>

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