AUSTRALIA - the government has outlined the final terms of how an A$55m levy will be raised on regulated superannuation funds to recompense superannuation fund members who lose money due to the collapse of an investment manager.
In this year's budget, the government proposed the one-time levy to pay the victims defrauded in the collapse of Trio Capital in 2009. Investors lost an estimated A$100m in the collapse, but the go...
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