Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 19 results for "Early Release Super"

New chair of BT Super trustee board

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... to the board. "Under David's stewardship BT members were supported with more than 230,000 applications for early release super payments through COVID-19 totalling around $1.9 billion," he said. "Members have also been migrated from legacy super products ...

Repeat ERS applications hit one million

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
Over one million Australians have accessed the second tranche of Early Release Super as over $28 billion has been removed from the system. Over the week to July 19, 219,000 applications were received, of which 56,000 were initial applications and 163,000 ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
... urgently consider the impact of the early release superannuation scheme on women's retirement outcomes. "The early release super scheme has provided vital short-term assistance for our members but if urgent action is not taken these young women risk ...

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Taxation Office has said members who change their mind over the Early Release Super scheme will not be able to withdraw their applications. In an update to its Design and Implementation document the ATO outlined that only where there ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
APRA has released the first Early Release Super (ERS) figures, showing $1.3 billion has been paid to members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... said. The questions come after ongoing concerns about super funds ability to release members money through the Early Release Super scheme in response to COVID-19. Bragg said he wants to know when the regulator last asked funds to self-assess their liquidity ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... comes at a time when many funds are already under pressure due to liquidity issues and the government's early release super scheme. A number of funds have devalued their unlisted assets in response to the effects of the global pandemic, leading to ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... has been a huge amount of focus on industry super funds. From concerns over liquidity issues, impacts of the Early Release Super scheme and drastically volatile markets, major funds have been hit time and time again. But, what about SMSFs? According ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
The Australian Taxation Office has clarified the rules for the Early Release Super scheme, allowing members to withdraw super from multiple funds. The ATO said while a member can only apply for one determination per financial year, they are able to ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has confirmed the Australian Taxation Office will be responsible for verifying early release super requests. Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ...
PAGE:
1
PREVIOUS
NEXT