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flag A $667 million fraud scandal exposed widespread misconduct in Australia’s superannuation system, prompting calls for major reforms.

flag A major investigation has uncovered widespread misconduct in Australia’s superannuation system, leading to a $667 million scandal involving fraudulent activities by financial advisors and fund managers. flag Regulatory authorities have described the misconduct as "industrial-scale," revealing systemic failures in oversight and compliance across multiple institutions. flag The findings have prompted calls for sweeping reforms to protect retirement savings and restore public trust in the nation’s pension system.

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