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

Search Results

Showing 61 - 70 of 89 results for "Early Release of Superannuation"

ERS shaves $4m off Raiz Super

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... global market conditions saw our FUM increase by 8.9% to $404.62 million. But due to the COVID-19 early release of superannuation, $4 million was withdrawn from the Raiz Invest Super fund." The average early release was $7139, he said. "With state and ...

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
... credit market relative value particularly as more certainty is gained around member flows and early release of superannuation." Frontier's clients usually allocate 5% of their assets to high yield bonds, he said. "Frontier has upgraded its outlook ...

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... doesn't change the fact that advisers know their careers are on the line when they advise about the early release of superannuation. "It's not worth the $300," Tynan said. "It's not just the Statement of Advice, it's everything. It's so hard.... And ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... has launched new data collection to assess the progress and impact of the government's temporary early release of superannuation scheme. From next week, registrable superannuation entity (RSE) licensees will be asked to complete and submit the regulators ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... An ATO spokesperson told Financial Standard that while official applications for the COVID-19 early release of superannuation did not open until today, a large number of Australians had registered their interest. As at the end of 16 April 2020, the ATO ...

Super funds probed on liquidity, rental assistance measures

KANIKA SOOD  |  MONDAY, 6 APR 2020
... Wilson has asked funds to submit answers to 14 questions. The questions cover four key areas: early release of superannuation, unlisted assets, liquidity management and rental assistance for small-medium enterprises. For early release of superannuation ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... educated guess. The Australian Taxation Office has been tasked with verifying the requests for early release of superannuation, while superannuation fund administrators like Link and Mercer will also shoulder extra work load. Treasury's estimate ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... "Cancelling SG [temporarily] is more challenging as it had to be made by firms instead of the ATO. Early release of superannuation will be logistically faster and more effective." Coates added the early release provisions will help all, but especially ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... Between 2007 and 2009, Nguyen used the fund, called Tot Form Super Fund, to arrange the unlawful early release of superannuation funds for a 25 people, many of whom were in financial trouble. Over $700,000 was illegally withdrawn after each individual's ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... 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 to store ...