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Showing 291 - 300 of 344 results for "Early release"

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... superannuation fund. Kent Nguyen was sentence to three years in prison after pleading guilty to orchestrating an illegal early release of a superannuation scheme, with the court finding the fund did not comply with relevant protocol, procedures and requirements ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... claims, the super fund said. "To recognise this, we have introduced gender-based pricing." Members can apply for an early release of insured death benefits if they suffer from an illness that will lead to death within 12 months. This timeframe will change ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... funds and industry bodies - sees the regulator advise the sector on how to deal with scenarios. It includes the early release of superannuation under falsified documents, and politically exposed people who might use their superannuation fund as a means ...

New SG laws hit Senate

KARREN VERGARA  |  FRIDAY, 7 DEC 2018
... review of accessing superannuation benefits early is accepting submissions until 15 February 2019. New ground for early release covers victims of domestic violence. The trade-off however, would be exacerbating the savings gap between men and women, the ...

New terms for early super access receives mixed reaction

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
... balances between men and women. The Association of Superannuation Funds of Australia welcomed the move to extend the early release of superannuation to circumstances of domestic and family violence, as well as improving the visibility of superannuation ...

Early release of super, FHSSS gaining traction: ATO

KARREN VERGARA  |  MONDAY, 22 OCT 2018
... Institute of Superannuation Trustees (AIST) Chairs' Forum last week that since the ATO was tasked to advance the early release of super, the initiative has been fully operational. In February 2018, Treasury released draft legislation to allow the ...

Super under microscope at Royal Commission

DARREN SNYDER  |  MONDAY, 23 JUL 2018
... indigenous people face when it comes to understanding and accessing super; identification issues; conditions of early release; and the difficulties associated with the release of death benefits. In an update on Monday, the Royal Commission listed the ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... it comes to understanding and accessing superannuation. It will also look at identification issues, conditions of early release and the difficulties associated with the release of death benefits. As a financial counsellor for Anglicare in the Northern ...

Government consults on super access for victims of crime

JAMIE WILLIAMSON  |  MONDAY, 28 MAY 2018
... encourage 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 ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... in which the adviser had a financial interest. Involvement or potential involvement of advisers in inappropriate early release schemes was also disclosed. NAB told the Royal Commission that between 1 January 2010 and 30 September 2017, it paid or offered ...