Government pays financial assistance to WA super fund

The Assistant Treasurer has announced that the Government has paid a financial assistance grant of $1,483,983 to benefit members of the Strategic Capital Superannuation Fund (SCSF). Mr Dutton said that under Pt 23 of the Superannuation Industry (Supervision) Act 1993, he had made a determination that it was in the public interest to make a grant of assistance to those people who lost money when the fund was allegedly defrauded.