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The Australian Securities and Investments Commission (ASIC) has confirmed that it sometimes does not take action against allegations of false and misleading advertising around superannuation if it believes the complainants could take legal action themselves.
In an answer to a question on notice from Tasmanian Liberal Senator David Bushby, ASIC acknowledged receiving complaints about false and misleading advertising, including some involving Industry Super Australia's (ISA's) "compare the pair" advertising.
Read the full story at Money Management.