Original article by Lucas Baird
The Australian Financial Review – Page: 10 : 14-Mar-25

Australian Securities and Investments Commission chairman Joe Longo has labelled the superananuation sector the "poster child" for governance failures, with Mary Delahunty saying Longo’s comments are an "overeach". Delahunty is from the Association of Superannuation Funds of Australia, which is the lobby group for the superannuation industry, with ASIC seeking to impose fines on AustralianSuper over its alleged failure to deal with thousands of death benefit claims in a prompt manner. However, Delahunty believes ASIC should use methods such as enforceable undertakings to regulate the industry, rather than fines.

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION,(SPACE)THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED,(SPACE)AUSTRALIANSUPER PTY LTD