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Showing 261 - 270 of 344 results for "Early Release"

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... businesses comes at a time when many funds are already under pressure due to liquidity issues and the government's early release super scheme. A number of funds have devalued their unlisted assets in response to the effects of the global pandemic ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... will be able to access up to $20,000 of their super over two years. APRA announced funds will be expected to make early release payments to members "as soon as practicable". However, the regulator has now said in the vast majority of cases this should ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... there has been a huge amount of focus on industry super funds. From concerns over liquidity issues, impacts of the Early Release Super scheme and drastically volatile markets, major funds have been hit time and time again. But, what about SMSFs? According ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... million) across 137,000 claims as at April 1, according to reporting from the Economic Times. The COVID-19 related early release measures sparked liquidity concerns for superannuation funds in Australia, with many funds defending their liquidity position. ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
The Australian Taxation Office has clarified the rules for the Early Release Super scheme, allowing members to withdraw super from multiple funds. The ATO said while a member can only apply for one determination per financial year, they are able to ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... industry before revoking the relief measures. The no-action for super trustees will expire when applications for early release can no longer be made, but ASIC noted that super trustees can provide considerable assistance to members without needing to ...

Never say never to RBA help: First State Super

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... then we'd certainly support the RBA doing that." Not only does the fund have enough liquidity to deal with the early release scheme, but it's still looking to take advantage of any opportunities which come its way. "We also want to actively look ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... in the 7 February 2020 version of the PDS. Hostplus denies the update to the PDS resulted from the government's early release initiative. The spokesperson for Hostplus said all super fund trustees have discretion to suspend or delay unit pricing in extraordinary ...

Hundreds of thousands flock to early release

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... early. Speaking to Financial Standard an ATO spokesperson said that while official applications for the COVID-19 early release don't open until April 20, the organisation has seen a large amount of interest for the scheme. "Currently people are able ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
Treasurer Josh Frydenberg has confirmed superannuation funds that fail to appropriately handle early release during the COVID-19 crisis will face penalties. Asked by Financial Standard how the government would handle funds that might face liquidity ...