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Showing 211 - 220 of 223 results for "Early Release of Super"

Higher pension age to drive increase in early super releases

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2014
The government's decision to lift the pension age has raised the ire of advocates for manual workers but these workers represent only a minority of the workforce. According to the Australian Bureau of Statistics, 10% of Australia's 11.5 million labour ...

Terminally ill woman questions superannuation early release laws

JAMES FERNYHOUGH  |  MONDAY, 8 JUL 2013
... figure may demonstrate a lack of long-term thinking among members. "Of course, in certain circumstances, early release of super is appropriate, but early access to super is eroding your retirement benefit, so there is a need to balance," Blakey said. ...

ASIC bans two advisers

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
ASIC has banned two advisers from providing financial services following breaches including unlawful early release of superannuation benefits. Simon Turudia, formerly an authorised representative of AMP Financial Planning was found to have arranged ...

DHS to takeover early super release on compassionate grounds

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
... criteria for these applications remain the same," Jongen added. The specified compassionate grounds for the early release of super benefits include medical treatment for a life threatening illness or injury, acute or chronic pain or an acute or chronic ...

Medicare to handle compassionate super payouts

MATT WOODINGTON  |  THURSDAY, 7 JUL 2011
... past six months under APRA's delegation. The government has decided that the role of administering the early release of super does not fit well with APRA's position as prudential regulator. "Medicare's core business is essentially to transfer money between ...

Stop illegal early release of super: ASIC

ASIC RELEASE  |  TUESDAY, 1 SEP 2009
ASIC has fired its warning shot on illegal early release on super - and is appealing to trustees to help plug increasing cases spurred by losses from the GFC. ASIC is concerned that the current market conditions are contributing to an increase in the ...

ASIC cracks down on early release of super

ASIC RELEASE  |  THURSDAY, 20 AUG 2009
ASIC is charging Regina Faleono and Lucia Sini for the illegal early release of a combined $702,609 in members' funds. ASIC has commenced criminal proceedings in the Sydney Central Criminal Court against Faleono and Sini for dishonest conduct in operating ...

Super promoter faces trial

RUTH LIEW  |  TUESDAY, 19 FEB 2008
Queensland-based Richard Clayton Jackson Sharland, a promoter of a superannuation rollover scheme, appeared in the Brisbane Magistrate Court yesterday to stand trial on a date to be fixed on 22 charges laid by the Australian Securities and Investments ...

Jailed super fraudsters forfeit nearly $6m

HAMISH MADDEN  |  WEDNESDAY, 30 AUG 2006
A father and son, currently serving 18 months in jail for promising clients a 'superannuation cashback' arrangement as part of an illegal scheme, have been ordered to forfeit millions of dollars in holdings and assets. Following an Australian Securities ...

Third operator of early release super scheme punished

The Australian Securities and Investments Commission (ASIC) has obtained Federal Court orders against Raymond Heard, the third operator of early release superannuation schemes that illegally freed up over $3.5 million of Australian superannuation benefits. ...