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Search ResultsShowing 1 - 10 of 71 results for "ERS"
Industry fund eyes KiwiSaver accounts
KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... Bill Watson told Financial Standard. The fund's current member base stands at about 45,000 not accounting for future ERS impact. The 3000 a year addition could swell its member base by about 6.7%. The partnership comes as First Super was approached ...
ATO crashes amid tax return, ERS rush
ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... crashed on the first day of the new financial year as Australians rushed to lodge tax returns and apply for the new round of ERS. The ATO said it was aware that a number of Australians trying to access its website to lodge returns or apply for the early ...
ERS figures hit $17 billion
ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The latest round of APRA data has revealed that $17.1 billion in early release of super (ERS) applications have now been paid. Billions are being withdrawn each week, despite COVID-19 restrictions easing in most Australian states. Last week $15.9 billion ...
Super funds face fresh data requirements
ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... cancellations related to the Protecting Your Super reforms. The PDC will provide the regulator with enhanced data surrounding ERS, set to provide better analysis of the demographics impacted by the pandemic. It will also provide APRA and ASIC with monthly ...
ATO cracks down on ERS misuse
ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... genuine we will review them." The taxation office listed a number of behaviours it considers suspicious including applying for ERS when there has been no change in regular salary or wage, artificially arranging affairs to meet the criteria and making ...
HESTA asks Retirement Income Review to consider ERS
KANIKA SOOD  |  FRIDAY, 19 JUN 2020
The $52 billion industry super fund says its younger members have "virtually drained" their retirement savings during COVID-19 and is asking the Retirement Income Review to urgently consider ERS's impact on women's retirement outcomes. About ...
AustralianSuper denies turnover issue, delays office
ELIZABETH MCARTHUR  |  TUESDAY, 16 JUN 2020
... challenges thrown at it throughout the pandemic, Delaney reiterated AustralianSuper's view that the early release of super (ERS) requests it has received have been perfectly manageable. However, he acknowledged that the ERS scheme could set a precedent ...
Men gamble ERS payment away: Research
ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
New data released by illion and AlphaBeta (part of Accenture) shows that there are vast differences in how early release of super payments are being spent between the genders. While women who access their super early are more likely to spend on essential ...
FPA accuses ASIC of price gauging
ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... the COVID-19 relief measures including relief to facilitate advice to individuals financially affected by COVID-19 about ERS, relief extending the period for giving Statements of Advice and relief to allow a Record of Advice to be given instead of a ...
ERS payments reach $15bn
ELIZA BAVIN  |  MONDAY, 15 JUN 2020
Almost $15 billion has been removed from Australia's superannuation system, but the number of weekly applications has started to reduce. Over the week to June 7, superannuation funds made payments to 167,000 members, bringing the total number of payments ...
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