The competition watchdog, the ACCC, will not oppose financial services company IOOF’s acquisition of the National Australia Bank owned MLC Wealth Management.
Scammers are now trying to exploit Australians financially impacted by the COVID-19 crisis, according to the Australian Competition and Consumer Commission which says that new superannuation scams have been reported to its Scamwatch service in recent weeks.
A Melbourne woman aged 21 has been arrested in connection with a fraud and identity theft syndicate which allegedly stole millions from the superannuation and share trading accounts of Australians.
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