Article
Federal Court Imposes $10.3 Million Penalty On Mercer Superannuation For Systemic Breach Reporting Failures
On 26 June 2026, the Federal Court of Australia delivered judgment in Australian Securities and Investments Commission v Mercer Superannuation (Australia) Limited [2026] FCA 832, ordering Mercer Superannuation (Australia) Limited (MSAL) to pay $10.3 million in penalties and $1.2 million in costs.
Gilchrist Connell