early release

Superannuation

Average early release below $10,000

The average early release of super for financial hardship withdrawals is around $8,000, below the $10,000 maximum....

Superannuation

Rest completes $700m early release payments

The industry super fund has paid a total of $693.4 million to over 100,000 members in early super release payments....

Policy & Regulation

First real estate agents, now a Liberal Senator

NSW Liberal Senator and former Financial Services Council policy executive, Andrew Bragg has denied a letter he wrote to constituents on early release superannuation is t...

Superannuation

Early release super fund laggards could be identified

Superannuation funds will have to file weekly reports with the Australian Prudential Regulation Authority on the impacts of the Government’s hardship early release progra...

Superannuation

Super funds expect 600,000 to withdraw $10,000

Superannuation funds expect as many as 600,000 members to follow through and withdraw up to $10,000 with many not understanding the insurance and long-run investment impl...

Financial planning

ASIC grants three advice relief measures

The corporate watchdog has announced three temporary relief measures to help consumers receive affordable and timely financial advice during the COVID-19 pandemic....

Policy & Regulation

70 complaints against real estate agents on early release super: ASIC

At least 70 people complained to the Australian Securities and Investments Commission about real estate agents giving advice on early release superannuation, but its init...

Financial planning

Consumer groups unite to warn against super early release

A coalition of consumer groups have warned that accessing early release superannuation should be a last resort, suggesting that they talk to a financial counsellor rather...

Features

InFocus: Why early access will make sense for some

Self-managed superannuation funds specialist, Meg Heffron, explains why the Government’s COVID-19 measures providing hardship early access to superannuation represent a s...

Superannuation

APRA and ASIC tell funds to prioritise liquidity for early release

Superannuation funds have received a letter from the two financial services regulators telling them to give top priority to having sufficient liquidity to make early rele...

Superannuation

ATO alone wholly responsible for identifying super early release applicants

Amid concerns about appropriately identifying superannuation fund members for hardship early release, the Government has said that the Australian Taxation Office alone wi...