Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 588 results for early release of super

Gender parity in financial services an economic imperative

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... major win was the passing of the landmark Three Day Guarantee Bill on February 13, which guarantees three days of subsidised early childhood education and care (ECEC) and effectively removes the activity test for all families. The bill not only aims ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... three-month consultation period. The regulator plans to release updated prudential standards for formal consultation in early 2026, with the new framework set to be published in 2027 and implemented by 2028.

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... and the triggers actually used in operating the portfolio. "Further, some RSE licensees do not appear to have sufficient early warning indicators to prompt pre-emptive liquidity mitigation actions to reduce vulnerability to liquidity risk," APRA said. ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... bill" to taxpayers. For example, its research shows that a 30-year-old who withdrew $20,000 through the COVID-19 early release of super scheme, could retire with $93,000 less in superannuation, resulting in "taxpayers picking up the tab for higher pension ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... impacts on victim-survivors' financial and retirement prospects," the committee said. A review into the COVID-19 early release of super scheme specifically focusing on the number of members who may have withdrawn savings under coercion was also flagged. ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... four months from the date when the claim form was received. The fund said affected beneficiaries will be sent letters from early December detailing how much money they will be entitled to as part of the process. Additionally, the fund is reviewing and ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... processing times across the industry. The regulator is currently reviewing death benefit claims and will release a full report early next year; however, it told super fund chief executives that there are many shortcomings it's identified so far that ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... promote and regulate the nuclear safety aspects and certain activities relating to building the warships, which from the early 2030s, the US will deliver three US Virginia-class nuclear-powered submarines to Australia. Meanwhile, the UK and Australia ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
A Western Australian woman who illegally obtained $202,000 for herself and others via an early release of superannuation scam has been sentenced to three years' imprisonment. The unnamed High Wycombe woman was sentenced at the Perth District Court ...

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... comfortable retirement, and the future of retirement savings has never looked brighter," Delahunty added. The COVID-19 early release program is also a factor, with up to one million super accounts being left with less than $1000 in younger, lower-income ...