https://www.google.com/amp/s/amp.theguardian.com/australia-news/2019/sep/20/apras-bid-to-ban-ioof-bosses-from-superannuation-industry-thrown-out
In a move that will have consequences for the entire industry, Jagot also gave the green light for super fund operators to compensate retirement savers for errors made by the company by dipping into super fund reserves that are set aside to cover operational risks.
Common sense prevails....time to restructure APRA will some more intelligent people.
https://www.google.com/amp/s/amp.theguardian.com/australia-news/2...
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