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Showing 181 - 190 of 344 results for "Early Release"

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... invest 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," ...

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 Billions are being withdrawn each week, despite COVID-19 restrictions easing in most Australian states.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
... 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
... will 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
... outcomes. About 91,000 HESTA members have withdrawn from their superannuation savings under the Federal Government's early release scheme - the sixth highest among all funds by amount.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 ...

Industry fund in successor fund transfer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
... Smartsave 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 ...

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
... May, but 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 ...