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Showing 131 - 140 of 266 results for %22Early Release Scheme%22

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
APRA has warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme. The regulator said it is expecting a second wave of applications as Australians rush to remove a further $10,000 ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... ATO said it was aware that a number of Australians trying to access its website to lodge returns or apply for the early release of super experiences issues with its systems. "This disruption was the result of a small component failure, which has reduced ...

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... heavily in unlisted assets, such as infrastructure and commercial developments, thanks to the government's early release scheme. "We will continue to make allocations to the unlisted sector, but our ability to do more will be somewhat constrained," ...

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... fraud and schemes designed to take advantage of the government's COVID-19 stimulus package. This includes JobKeeper, early release of superannuation, and boosting cash flow for employers. ATO deputy commissioner Will Day said that with so many Australians ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... enable the regulator to conduct an ongoing assessment of the impact of the coronavirus and the government's early release scheme on superannuation licensees. "APRA understands that RSE licensees have been under considerable pressure during the COVID-19 ...

Another billion removed from super

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
Australian super funds continue to make payments to members under the government's Early Release of Super scheme, with the total amount paid now at $15.9 billion. In the week to June 14, funds reported a further $1.3 billion was paid to members ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
... 91,000 HESTA members have withdrawn from their superannuation savings under the Federal Government's early release scheme - the sixth highest among all funds by amount. Just over half of these were aged 24 to 39 years. After the withdrawals, HESTA ...

AustralianSuper denies turnover issue, delays office

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... handling the unique 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 ...

Australians look to rebuild super: AMP

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... this was down from the 24% in April. AMP technical strategy manager John Perri said the government's super early release scheme was still providing critical assistance to thousands of Australians but it was clear that others who had the capacity to make ...