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Showing 71 - 80 of 84 results for "Early Release of Superannuation"

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
... Multimedia Marketing, was accused of promoting and operating a scheme that facilitated the illegal early release of superannuation funds of his clients through the creation of Self-Managed Superannuation Funds. A 'round robin' scheme was operated by ...

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
... Funds," the AIST submission said. AIST is also questioning the inclusion of programs such as the early release of superannuation benefits, the Unclaimed Superannuation Moneys program, and the Lost Member Register - all of which do not have a cost recovery ...

ASIC charges unlicensed SMSF loan provider

ALEX BURKE  |  THURSDAY, 12 NOV 2015
... services or credit licence. According to ASIC's statement, he promoted loans based on the "illegal early release of superannuation" through self-managed super funds between 2010 and 2012. Under Ross's scheme, clients would transfer superannuation into ...

APRA announces draft 2014-15 supervisory levies

ALEX DUNNIN  |  TUESDAY, 27 MAY 2014
... Office activities and $5 million for Department of Human Services activities which look after early release of superannuation benefit applications. As a result of these funding requirements a $5 billion super fund could pay up to $790,000 in supervisory ...

Higher pension age to drive increase in early super releases

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2014
... changes will need to be designed to avoid would-be pensioners arbitraging their entitlements. Early release of superannuation before the preservation age has been handled by the Department of Human Services since 2011. According to their own figures ...

Terminally ill woman questions superannuation early release laws

JAMES FERNYHOUGH  |  MONDAY, 8 JUL 2013
... her last years with her family rather than working. However, federal legislation will only allow early release of superannuation on the grounds of terminal illness if the member has been given less than a year to live. Penny's super fund, HESTA, said ...

ASIC bans two advisers

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
... has banned two advisers from providing financial services following breaches including unlawful early release of superannuation benefits. Simon Turudia, formerly an authorised representative of AMP Financial Planning was found to have arranged the early ...

DHS to takeover early super release on compassionate grounds

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
The government has announced a structural shake-up of the early release of superannuation benefits on specified compassionate grounds. From next month, the Department of Human Services (DHS) will take over the administration of the payments from Medicare/DHS ...

Medicare to handle compassionate super payouts

MATT WOODINGTON  |  THURSDAY, 7 JUL 2011
... relieved the Australian Prudential Regulation Authority (APRA) of its duties to administer the early release of superannuation on compassionate grounds, handing the responsibility to Medicare. Only around $1.5 million of super savings were released through ...

Jailed super fraudsters forfeit nearly $6m

HAMISH MADDEN  |  WEDNESDAY, 30 AUG 2006
... assets. Following an Australian Securities and Investments Commission (ASIC) investigation into the early release of superannuation scheme, Andre Michalik and his son, Martin Michalik, were arrested at Perth International Airport and extradited to NSW ...