Why members shouldn’t pay when trustees misbehave
A case brought by ASIC against AustralianSuper sets out how and why profit-to-member fund trustees are treated differently from for-profit trustees when it comes to penalties imposed by the courts. But while ASIC has been accused of going soft on profit-to-member funds, it’s appropriate that when trustees misbehave it’s not fund members who are left to carry the can.








Analysis