My previous employer moved our superannuation fund to Australian Super and an account was created for me with Australian Super. When I changed jobs, I rolled all my superannuation from Australian Super into my new employer's fund. My old account was closed.
18 months later, my previous employer provided additional funds to Australian Super, to distribute to members of the original fund. Without consultation, they opened an account in my name, moved the funds into it and sent me a letter informing this had been done.
It will cost me $30 to roll the money into my current fund and they're taking a periodical management fee out.
Are they entitled to use my money in this way, without warning or consultation? Should I be liable for the charges and fees, given they don't have my consent?
Is opening a new account in my name, with my personal, confidential information and without my consent, a breach of the Privacy Act?
Thanks in advance.
18 months later, my previous employer provided additional funds to Australian Super, to distribute to members of the original fund. Without consultation, they opened an account in my name, moved the funds into it and sent me a letter informing this had been done.
It will cost me $30 to roll the money into my current fund and they're taking a periodical management fee out.
Are they entitled to use my money in this way, without warning or consultation? Should I be liable for the charges and fees, given they don't have my consent?
Is opening a new account in my name, with my personal, confidential information and without my consent, a breach of the Privacy Act?
Thanks in advance.