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Showing 1 - 10 of 89 results for "Early Release of Superannuation"

ASFA publishes new service standards on claims handling

ELIZA BAVIN | FRIDAY, 4 JUL 2025

... claims handling times. The new ASFA standard applies to insurance claims and certain claims for early release of superannuation benefits due to ill health. The new standard includes timely and clear communication with members at each stage of a claim ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN | MONDAY, 23 JUN 2025

... scheme with the Superannuation Industry (Supervision) Regulation 1994 (SIS) definition for the early release of superannuation benefits under a terminal medical condition, the insurance policy definition of terminal illness to receive payment of any ...

Super for housing would benefit 4% of homebuyers: ASFA

MATTHEW WAI | TUESDAY, 8 APR 2025

... "holistic solution" to address the issue. "As highlighted in other ASFA reports, the proposed early release of superannuation for housing is unlikely to achieve its intended goal," the report continued. "Those with higher superannuation balances already ...

Early release of super scammer sent to prison

KARREN VERGARA | TUESDAY, 24 SEP 2024

A Western Australian woman who illegally obtained $202,000 for herself and others via an early release of superannuation scam has been sentenced to three years' imprisonment. The unnamed High Wycombe woman was sentenced at the Perth District Court ...

Early release of super scammers cop prison time

KARREN VERGARA | FRIDAY, 31 MAY 2024

Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500. The Brisbane District Court sentenced three women from Queensland, whose identities were not revealed, for submitting ...

Raiding super can worsen housing affordability: Research

KARREN VERGARA | MONDAY, 25 MAR 2024

... about 7% per annum compared with average growth in full-time employee earnings of 3.8%, ASFA's Early release of superannuation for home purchase paper states. Those on lower incomes and therefore lower superannuation balances tend to have a relatively ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON | TUESDAY, 12 MAR 2024

... 90s," she said. "The Superannuation Guarantee going to 12% and there being no further widespread early release of superannuation, such as for housing deposits, will be crucial for future retirees to meet their living expenses, including for aged care ...

Aussies pay the price for early release of super: ASFA

JAMIE WILLIAMSON | THURSDAY, 11 AUG 2022

The government's COVID-19 early release of superannuation (ERS) scheme saw the closure or near emptying of almost one million member accounts, largely held by women, single parents and the unemployed. A new analysis by the Association of Superannuation ...

Industry pans early release superannuation policy

ANDREW MCKEAN | MONDAY, 16 MAY 2022

... recommended the early release of super for housing deposits. This same report showed that the early release of superannuation for housing deposits was fundamentally inconsistent with the objective and central principles of superannuation. Moreover, it ...

Members lean on super for financial hardships

KARREN VERGARA | TUESDAY, 1 FEB 2022

... because of financial hardship spiked in June 2020, thanks to government incentives such as the Early Release of Superannuation Scheme, reaching $826 million. The following financial year, some $658 million was released based on financial hardship. Meeting ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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