An employer representative will be facing charges over the victimisation of two trustees of a super fund.
A former executive director of the Queensland Retail Traders and Shopkeepers Association (QRTSA) will stand trial over the victimisation of two trustees of a corporate superannuation fund.
The action was initiated by the Australian Prudential Regulation Authority (APRA).
APRA alleges that Ian Baldock victimised two trustees of the Australian Enterprise Superannuation Fund, a superannuation fund linked to the QRTSA.
The prudential regulator found Baldock terminated their employment for simply carrying out their legal obligations as trustee directors to act in the best interests of fund members.
During the time when the alleged victimisation took place, the Australian Enterprise Superannuation Fund had $90 million in assets under management and 21,000 members.
APRA said section 68 of the Superannuation Industry Supervision Act makes it an offence for a person to commit an act of victimisation against a responsible officer of a corporate or employer-sponsored fund.
"APRA took action to protect the interests of the members of the fund," an APRA statement said.
The case will be held in the District Court in Brisbane.
The two non-consecutive alphabetic letters encountered most often last week caused more controversy than the underlying policy they represented, Wouter Klijn writes.... read more »
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