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Showing 201 - 210 of 223 results for "Early Release of Super"

Government consults on super access for victims of crime

JAMIE WILLIAMSON  |  MONDAY, 28 MAY 2018
... engagement in the process. She also added the Government is continuing to progress its broader review of early release of super on compassionate and severe financial hardship grounds. The consultation process is open until 15 June 2018, with the Government ...

ASIC seeks Deloitte to liquidate SMSF business

ALEX BURKE  |  TUESDAY, 27 FEB 2018
... and parts of the Superannuation Industry (Supervision) Act relating to schemes that promote the "illegal early release of super." On top of this, the liquidation is justified because Superfunded is no longer operational and cannot resume operations without ...

ATO to advance early release of super: O'Dwyer

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
... is open for consultation. Treasury has released the exposure draft overnight that aims to expedite the early release of super funds and "improve the integrity of the processes." Under the current legislation only an applicant will receive an authorisation ...

Australians raid super to pay for medical expenses

EMMA RAPAPORT  |  WEDNESDAY, 10 JAN 2018
Australians are increasingly dipping into their superannuation accounts to pay for medical expenses including gastric banding and IVF. Figures from the Department of Human Services reveal that in 2016-17, more than $290 million was rereleased from the ...

Early super release consultation opens

KARREN VERGARA  |  THURSDAY, 21 DEC 2017
... $42 million was released. Revenue and Financial Services Minister Kelly O'Dwyer said the rules governing early release of super benefits, which have not changed substantially since 1997, has come a long way since then and it is important to ensure the ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
A Melbourne man has pleaded guilty in the Magistrates Court to one count of operating a financial services business without a licence. Grant Thorsby Ross (also known as David Thorsby Ross), the former sole director of both Motabank and Multimedia Marketing ...

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
The Australian Institute of Superannuation Trustees has labeled Treasury's consultation paper on proposed financial institutions supervisory levies as insufficient and non-compliant with government guidelines. In its submission to Treasury the AIST ...

ASIC charges unlicensed SMSF loan provider

ALEX BURKE  |  THURSDAY, 12 NOV 2015
ASIC has brought criminal charges against a former company director for offering "loans" based on future superannuation entitlements. Grant Thorsby Ross (alias David Thorsby Ross) was the former sole director of Motabank and Multimedia Marketing, and ...

Treasury proposes higher regulatory levies for super funds

ALEX BURKE  |  THURSDAY, 21 MAY 2015
... to $17.9 million. This accompanies a mild increase in levied funding for the DHS, which administers the early release of super on compassionate grounds, from $4.5 million to $4.7 million. However, super funds will now have to pay slightly less to support ...

APRA announces draft 2014-15 supervisory levies

ALEX DUNNIN  |  TUESDAY, 27 MAY 2014
The Australian Prudential Regulation Authority (APRA) and Treasury have issued a discussion paper on the proposed supervision levies they wish to impose on financial entities for next financial year. In the paper APRA said it needs to raise $117 million ...