Aug 31, 2026 – 6.17pmAustralianSuper will settle with the corporate regulator and admit it broke financial services laws when it failed to pay out thousands of death benefit claims to families of deceased members in a timely manner.Two sources with knowledge of the issue, who commented anonymously to discuss matters that are before the court, said the $410 billion pension giant and the Australian Securities and Investments Commission were in the final stages of sketching out the agreed facts to be lodged with the Federal Court on Monday.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
AusSuper to admit death benefit misconduct in ASIC settlement
The move will bring to an end an 18-month legal battle between the regulator and super fund over allegations it took too long to process death benefit claims.








