Colonial First State has been ordered to pay a substantial penalty by the Federal Court after misleading nearly 13,000 of its members about their superannuation.
RAC expects to start investing in other states as it looks to add more businesses to its already diverse portfolio.
The three-year long shrinkage in the financial planning industry has continued, with advisers at bank-owned groups leading the fall.
RAC has reported strong growth in revenue from its insurance and resorts businesses, with the group also benefiting from large investment gains.
Superannuation provider Colonial First State has misled thousands of customers over whether they should choose a low-fee product.
Journalist Matt Mckenzie talks to Cash Converters managing director Sam Budiselik about the company's financial year results, the subprime loan market, and use of machine learning.