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AustralianSuper fined $27M for failing to merge duplicate accounts of over 90,000 members.
AustralianSuper, the largest superannuation fund in Australia, was fined $27 million for failing to merge duplicate accounts of over 90,000 members between 2013 and 2023, costing members about $69 million.
The fund admitted to the breach, compensated affected members, and improved processes to prevent future issues.
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AustralianSuper multó $27M por no fusionar cuentas duplicadas de más de 90.000 miembros.