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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>
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Bt Funds Management Limited Ms Court Asgard Fund Australian Prudential Regulation Authority Sarah Court Asgard Independence Plan Division Two Fund

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