KM Financial Solutions | CORRECTED-Australia regulator allowed insurer to avoid fine over misleading ads
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CORRECTED-Australia regulator allowed insurer to avoid fine over misleading ads

CORRECTED-Australia regulator allowed insurer to avoid fine over misleading ads

Australia’s corporate regulator
allowed an insurer to make a A$300,000 community donation to
resolve cases of misleading advertising which could have drawn
fines of up to A$8 million ($5.7 million), an inquiry into
financial sector misconduct heard on Thursday.

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