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Showing 71 - 80 of 89 results for "Early Release of Superannuation"

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 ...

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 ...