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Showing 91 - 100 of 165 results for "ERS"

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... crashed on the first day of the new financial year as Australians rushed to lodge tax returns and apply for the new round of ERS. The ATO said it was aware that a number of Australians trying to access its website to lodge returns or apply for the early ...

ERS figures hit $17 billion

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The latest round of APRA data has revealed that $17.1 billion in early release of super (ERS) applications have now been paid. Billions are being withdrawn each week, despite COVID-19 restrictions easing in most Australian states. Last week $15.9 billion ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... cancellations related to the Protecting Your Super reforms. The PDC will provide the regulator with enhanced data surrounding ERS, set to provide better analysis of the demographics impacted by the pandemic. It will also provide APRA and ASIC with monthly ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... genuine we will review them." The taxation office listed a number of behaviours it considers suspicious including applying for ERS when there has been no change in regular salary or wage, artificially arranging affairs to meet the criteria and making ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
The $52 billion industry super fund says its younger members have "virtually drained" their retirement savings during COVID-19 and is asking the Retirement Income Review to urgently consider ERS's impact on women's retirement outcomes. About ...

AustralianSuper denies turnover issue, delays office

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... challenges thrown at it throughout the pandemic, Delaney reiterated AustralianSuper's view that the early release of super (ERS) requests it has received have been perfectly manageable. However, he acknowledged that the ERS scheme could set a precedent ...

Men gamble ERS payment away: Research

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
New data released by illion and AlphaBeta (part of Accenture) shows that there are vast differences in how early release of super payments are being spent between the genders. While women who access their super early are more likely to spend on essential ...

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... for the COVID-19 relief measures including relief to facilitate advice to individuals financially affected by COVID-19 about ERS, relief extending the period for giving Statements of Advice and relief to allow a Record of Advice to be given instead of ...

ERS payments reach $15bn

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
Almost $15 billion has been removed from Australia's superannuation system, but the number of weekly applications has started to reduce. Over the week to June 7, superannuation funds made payments to 167,000 members, bringing the total number of payments ...

No slowing ERS applications

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
Around 177,000 applications for the Early Release of Super scheme were received in the week ending May 31, as the total approaches two million. Since the inception of the scheme in mid-April, payments that have been made to eligible members have taken ...