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Showing 1 - 10 of 222 results for "Early Release of Super"

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
ASFA has released a new ASFA Service Standard - Claims Handling in Superannuation: Insurance and Health Related Claims, which it said is a significant step forward in improving member outcomes. ASFA said the new standard was made to guide superannuation ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
Australian Retirement Trust (ART) has made an array of changes to several corporate superannuation plans it manages, including shuttering one. The Tiffany & Co. Superannuation Plan has closed as of June 20 with members transferred to a Super Savings ...

Super for housing would benefit 4% of homebuyers: ASFA

MATTHEW WAI  |  TUESDAY, 8 APR 2025
New estimates from the Association of Superannuation Funds of Australia (ASFA) show less than 5% of eligible first homebuyers would actually benefit from an early access scheme. For years now, the Coalition has pushed its 'super for housing' policy ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... taxpayers. For example, its research shows that a 30-year-old who withdrew $20,000 through the COVID-19 early release of super scheme, could retire with $93,000 less in superannuation, resulting in "taxpayers picking up the tab for higher pension payments." ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... victim-survivors' financial and retirement prospects," the committee said. A review into the COVID-19 early release of super scheme specifically focusing on the number of members who may have withdrawn savings under coercion was also flagged. This ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... superannuation scheme for $103,500. The AFP found they submitted several fraudulent applications to access the early release of super by using myGov accounts to claim to be other super account holders. SFCT chief and ATO deputy commissioner John Ford ...

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... Queensland, whose identities were not revealed, for submitting several fraudulent applications to access the early release of super during the pandemic by using myGov accounts to claim to be other super account holders. Two women who both pleaded guilty ...

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
Allowing Australians to draw from their superannuation to purchase a home will not solve the affordable housing crisis and would potentially lead to higher property prices, a new analysis from the Association of Superannuation Funds of Australia (ASFA) ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
The final report from the government's Aged Care Taskforce suggests the amount paid by Australians accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
Australian taxpayers may face an $85 billion bill due to the COVID-era Early Release of Super scheme, according to a new analysis by the Super Members Council (SMC). Using the Superannuation, Pensions, and other Retirement OUTcomes (SPROUT) model, the ...
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