APRA alleges victimisation under section 68 of the Superannuation Industry (Supervision) Act

APRA has made a criminal complaint that a former chief executive officer of the Queensland Retailers and Shopkeepers Association (QRTSA), victimised two directors of a superannuation trustee company.

APRA alleges that by terminating the employment of a QRTSA employee and terminating the engagement of the auditor of QRTSA, both of whom were also trustee directors of a superannuation fund linked to QRTSA, the accused committed acts of victimisation contrary to section 68 of the Superannuation Industry (Supervision) Act 1993 (the SIS Act).

APRA alleges that by terminating their employment, the accused caused both individuals to suffer a financial detriment for simply carrying out their legal obligation in their capacity as trustee directors to act in the best interests of fund members.

The case has been adjourned to 18 September 2009 at the Brisbane Magistrates Court. The Commonwealth Director of Public Prosecutions is prosecuting the matter.

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