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Showing 141 - 150 of 223 results for "Early Release of Super"

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... 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 the capacity ...

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 Billions are being withdrawn each week, despite COVID-19 restrictions easing in most Australian states.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 ...

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... text message or e-mail stating that your myGov details have been changed, or that you have applied for early release of super and you have not, don't ignore these messages: check your myGov, call the ATO or your super fund to make sure your identity ...

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
... priorities to ensure the integrity of the tax and super system," the ATO said. "We have seen some COVID-19 early release of super examples where people are doing the wrong thing. In some cases, we have stopped applications and prevented super money from ...

Industry fund in successor fund transfer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
... later this year, adding about $700 million and bringing the total Smartsave FUM to over $1 billion. While early release of super requests will still be processed during the blackout period from June 30 to July 1, they will be impacted. Partial withdrawals ...

AustralianSuper denies turnover issue, delays office

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... 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 could set a ...

Men gamble ERS payment away: Research

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
... 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 ...

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 ...

Senator criticises lazy super system

JAMIE WILLIAMSON  |  FRIDAY, 5 JUN 2020
... also confirmed about 1.78 million people have now applied to access their super under the government's early release of super scheme. This equates to about $14.5 billion in withdrawals, she said. "That initiative has been working very well, which ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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