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Showing 31 - 40 of 265 results for %22Early Release Scheme%22

Aged care workers depended on ERS: Research

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
Aged care employees relied more on the early release of superannuation (ERS) scheme compared to other workers health and community services sectors, research from HESTA reveals. The proportion of HESTA members who work in aged care and childhood education ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... hold more policies that AIST thinks are not sensible ideas. For example, she theorised that there could be another early release-style program or a more radical use of super for buying homes than the First Home Super Saver Scheme.

No early super release for DV survivors

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... at boosting women's economic security, the government has confirmed it will not proceed with plans to extend the early release of superannuation to family and domestic violence survivors. Scrapping the plan will decrease receipts by $110 million over ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
After the shock of the Early Release of Superannuation scheme's COVID-19 amendment, the superannuation sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on ...

Former adviser pleads guilty over million-dollar super theft

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... ASIC said the services were not provided and the fees were instead rebated to his clients facilitating unlawful early release of their superannuation benefits. The latest development follows ASIC permanently banning Saad from providing financial services ...

ERS spending revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... hardship caused by COVID-19 spent the money on. The ABS found that 29% of people who accessed their super in the early release of super program spent the money on mortgages or rent. A further 27% spent the money on household bills and 15% used it to ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
... billion. Reports conflict on how long Madoff was perpetuating the fraud, the SEC had cause to look into his business in the early 90s but some believe the Ponzi scheme began as early as the 1970s. He is survived by his wife Ruth Madoff. She attempted ...

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
... April, the RBA praised super funds' management of liquidity pressures throughout 2020, particularly the impact of the early release of superannuation scheme. However, the central bank said there is still room for improvement. With APRA having already ...

ASIC praises super trustees

ELIZA BAVIN  |  TUESDAY, 23 MAR 2021
... number of website projection tools that estimated retirement balances and highlighted the impact of accessing superannuation early. "We also found that intra-fund advice provided during this time was consistent with previous assessments of the quality ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... Commission, Royal Commission, Retirement Income Review and Jeremy Cooper and David Murray's reviews) have recommended early release of superannuation for housing. Australia currently does allow people to use voluntary superannuation contributions more ...