

Federal Court Penalises Statewide $4m For Misleading Information
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | February 2022 Statewide, a high-performing industry Superannuation fund, has received $4 million in combined penalties after providing misleading information to their members. Over 14,000 annual statements were sent to 7000 members whose insurance cover had already lapsed. Many members were affected by this conduct that led them to believe they were covered by insurance, when in fact their accoun
Feb 16, 2022
