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

flag A major investigation has uncovered widespread misconduct in Australia's superannuation system, involving a $667 million fraud scheme tied to improper fund management and financial misrepresentation. flag Regulators describe the actions as "industrial-scale misconduct," highlighting systemic failures across multiple institutions. flag The scandal has prompted calls for sweeping reforms to strengthen oversight and accountability in the retirement savings sector.

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