Published: September 06, 2018
Corporate watchdog alleges trustees of the bank’s super funds misled members by charging for non-existent items
The corporate regulator has started court action against the National Australia Bank over hundreds of thousands of superannuation customers being charged fees for services they did not receive.
The Australian Securities and Investments Commission on Thursday said it was seeking a civil penalty under the federal court action against NAB superannuation trustees Nulis and MLC Nominees.
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