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Royal Commission hears industry fund admitted wrongdoing to ASIC

A $52 billion industry superannuation fund admitted to inadvertently breaching the Superannuation Industry (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings.

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Read more: ASICRoyal CommissionSuperannuation Industry Act SIS ActMark CostelloCommissioner Kenneth HayneLachlan Ross