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Showing 301 - 310 of 344 results for "Early release"

ASIC seeks Deloitte to liquidate SMSF business

ALEX BURKE  |  TUESDAY, 27 FEB 2018
... Corporations Act 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 ...

ATO to advance early release of super: O'Dwyer

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
Draft legislation that allows the ATO to facilitate the early release of superannuation 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 ...

Australians raid super to pay for medical expenses

EMMA RAPAPORT  |  WEDNESDAY, 10 JAN 2018
... Revenue and Financial Services Kelly O'Dwyer announced that Treasury will conduct a review of the rules governing the early release of superannuation benefits. In a statement, Treasury said the rules governing early release of superannuation benefits ...

Early super release consultation opens

KARREN VERGARA  |  THURSDAY, 21 DEC 2017
The Federal Government's proposed changes to the early release of superannuation are open for consultation until 12 February 2018. The review will also consider compassionate and severe financial hardships, as well as terminal medical conditions and ...

HESTA calls for access to super for family violence victims

EMMA RAPAPORT  |  MONDAY, 19 JUN 2017
... urgently. Under HESTA's proposed changes to compassionate grounds, a victim or survivor of family violence seeking the early release of their super would need to provide certification from a recognised family violence social worker or organisation attesting ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
... Motabank and Multimedia Marketing, was accused of promoting and operating a scheme that facilitated the illegal early release of superannuation funds of his clients through the creation of Self-Managed Superannuation Funds. A 'round robin' scheme was ...

NZ manager launches QROPS scheme

ALEX BURKE  |  THURSDAY, 8 DEC 2016
... outside of "serious ill health." Many Australian super funds didn't qualify, though, because they provision for early release in cases of severe financial hardship, balances below $200 and certain "compassionate grounds."

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
... Superannuation Funds," the AIST submission said. AIST is also questioning the inclusion of programs such as the early release of superannuation benefits, the Unclaimed Superannuation Moneys program, and the Lost Member Register - all of which do not ...

Challenger reports early amid share price falls

MARK SMITH  |  MONDAY, 25 JAN 2016
... investment experience and profit from the sale of Kapstream. The company has moved to reassure investors with the early release of the numbers following falls in its share price in 2016. Challenger said it is in compliance with ASX Listing Rule 3.1 ...

ASIC charges unlicensed SMSF loan provider

ALEX BURKE  |  THURSDAY, 12 NOV 2015
... Australian financial services or credit licence. According to ASIC's statement, he promoted loans based on the "illegal early release of superannuation" through self-managed super funds between 2010 and 2012. Under Ross's scheme, clients would transfer ...