Business Services Industry
ASIC forces CBA to correct pricing errors.(Australian Securities and Investments Commission, Commonwealth Bank of Australia)(Brief Article)
Australasian Business Intelligence, April, 2005 by Fraser, Megan
Apr 12, 2005 (Asset - ABIX via COMTEX)
The Australian Securities & Investments Commission has agreed to an enforceable undertaking from Colonial Mutual Life Assurance Society (CMLA). As a result of pricing errors, discovered by CMLA, Commonwealth Custodial Services, Colonial Mutual Superannuation and Colonial Mutual, some members of CBA-linked superannuation funds, deposit funds, and master funds received inaccurate account balances and incorrect information about withdrawal amounts.
Publication Date: April 2005
COMMONWEALTH BANK OF AUSTRALIA - ASX
CBA:
COLONIAL MUTUAL LIFE ASSURANCE
SOCIETY LIMITED:
AUSTRALIAN SECURITIES AND
INVESTMENTS COMMISSION:
COLONIAL MUTUAL SUPERANNUATION PTY
LTD:
COMMONWEALTH CUSTODIAL...
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