From asic.gov.au: ASIC is suing AustralianSuper for failing to efficiently process nearly 7,000 death benefit claims, with delays ranging from four months to four years, affecting over 752 members.

The lawsuit alleges that AustralianSuper did not pay benefits promptly after members’ deaths, violating obligations under the Corporations Act and Superannuation Industry laws.

ASIC is seeking penalties, declarations, and orders for compliance regarding these failures, which have been a continued enforcement priority.