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Showing 61 - 70 of 84 results for "Early Release of Superannuation"

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 Over $700,000 was illegally withdrawn after each individual's ...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 ...

New terms for early super access receives mixed reaction

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
... and women. The Association of Superannuation Funds of Australia welcomed the move to extend the early release of superannuation to circumstances of domestic and family violence, as well as improving the visibility of superannuation assets in family law ...

Early release of super, FHSSS gaining traction: ATO

KARREN VERGARA  |  MONDAY, 22 OCT 2018
... operational. In February 2018, Treasury released draft legislation to allow the ATO to facilitate the early release of superannuation. By having the ATO directly notify a trustee when it has authorised the early release of funds, it will remove the need ...

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
... 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 have not changed substantially ...

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 ...