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Showing 71 - 80 of 168 results for "ERS"

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release of super (ERS) claims. Police will allege the group submitted several fraudulent applications, claiming to be other superannuation fund account-holders ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... retirement even if they have taken advantage of the government's early release scheme. The government recently extended the ERS scheme, allowing individuals who have lost their job or had their hours or trading income cut by 20% or more to withdraw up ...

It's your money: Hume calls out Keating

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... circumstances. Believe it or not, Labor doesn't always know best." The back and forth comes after Keating made comments against the ERS scheme at an Industry Super Australia event. Keating said the scheme had come at a huge cost to individual's retirement ...

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... Stephen Jones sent the letter to the Auditor-General Grant Hehir asking him to review the integrity and performance of the ERS scheme. "The scheme was designed to provide financial relief for people experiencing income loss and hardship caused by the ...

APRA spells out unlisted asset valuation standards

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... unlisted assets. It comes as the market downturn as a result of the pandemic and the Early Release of Superannuation Scheme (ERS) has led to industry concerns about the appropriate valuations of unlisted assets. Speaking at the House of Representatives ...

SG increase will be deferred: Knox

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
... the early release scheme," she said. Campo added Cbus has performed its own internal survey of members who had accessed the ERS scheme and withdrawn from their savings to assess their reasoning. "With our members, we found that nearly a quarter of those ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
Reports of cybercrime increased significantly after the government announced the Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee ...

ERS continues super drain

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
The Early Release of Superannuation (ERS) scheme continues to drain the super system, with almost $30 billion removed from Australians' retirement savings, according to the latest APRA data. Over the week to July 26, super funds made payments to ...

Spend your money how you please: PM

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... government's place to tell Australians how to spend the money they have removed from super due to the Early Release of Super (ERS) scheme. Speaking at a press conference Prime Minister Scott Morrison said the only person who can decide how to spend the ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... client sentiment is particularly apparent through withdrawals associated with the Early Release of Superannuation scheme (ERS) and subdued flows in financial advice," he said. "Providing the community with guidance and support is at the core of IOOF. ...