ASIC takes on NAB for fee-for-no service breachesBY KARREN VERGARA | FRIDAY, 18 JUN 2021 12:35PMThe corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service. Related News |
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Which advisers will pay for through their ASIC fees and, if any penalty is paid, will be sent to directly to consolidated revenue with no offset for the legal costs. I wonder why adviser ASIC fees are so high?