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Govt Actuary plans to get tough on super funds
Tuesday 21st of March 2000
Government Actuary Geoff Rashbrooke is planning to get tough on superannuation schemes and start deregistering ones which aren't complying with the Superannuation Schemes Act.
Last year he deregistered two small schemes and this year he is already in the process of deregistering two retail funds and one employer sponsored scheme.
Under the act a fund can only qualify as a super schem...
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