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Showing 21 - 30 of 588 results for early release of super

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... put more pressure on superannuation trustees to be more accountable for Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings against two super funds over their claims handling practices. In January 2025, we ...

ATO bares teeth at dentists pushing early super access

JAMIE WILLIAMSON  |  TUESDAY, 26 AUG 2025
... which has been used for dental procedures. The most recent statistics show the ATO received 31,780 applications for early release on compassionate grounds in relation to dental treatment in FY24. Of these, 22,530 were approved amounting to $526.4 million. ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... legislation that protects members within the superannuation framework. "AFCA has advised that the complaints remain at an early stage, that each complaint will be considered on its own facts and circumstances, and that no view has been formed on the ...

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... costs may well increase, with Shine Lawyers having filed another class action in relation to excessive insurance fees in early July. Dexus Funds Management is also suing AMP in a case arising from the sale of Macquarie Shopping Centre. For FY25 guidance ...

Special feature: Shaping private markets

ELIZABETH FRY  |  TUESDAY, 29 JUL 2025
... part of the unit price." The result is a system still heavily reliant on trust. When the music stops The COVID-19 early release scheme created a liquidity event many long-term asset owners hadn't modelled. What had once been considered a manageable ...

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... year around poor claims handling times. The new ASFA standard applies to insurance claims and certain claims for early release of superannuation benefits due to ill health. The new standard includes timely and clear communication with members at each ...

Dodgy dentist defrauds members after draining super for medical procedures

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
... member or a member's dependent, marking a whopping 157% increase. "For many patients, accessing their superannuation early seemed like a smart way to fund dental treatment. But now they've lost tens of thousands from their retirement savings ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... better align the scheme with the Superannuation Industry (Supervision) Regulation 1994 (SIS) definition for the early release of superannuation benefits under a terminal medical condition, the insurance policy definition of terminal illness to receive ...

GESB to roll out premium changes

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... for up to 12 months. The funds will also waive premiums for members following the payment of a financial hardship early release claim for up to 12 months. The waiver can only be applied once and the members' account must have a balance greater than zero ...

Super for housing would benefit 4% of homebuyers: ASFA

MATTHEW WAI  |  TUESDAY, 8 APR 2025
... ASFA is urging a more "holistic solution" to address the issue. "As highlighted in other ASFA reports, the proposed early release of superannuation for housing is unlikely to achieve its intended goal," the report continued. "Those with higher superannuation ...