EARLY RELEASE OF SUPERANNUATION

Financial planning

ASIC has banned Terence Rio Nugara, director of Skynet Financial Services, for obtaining $1.6 million from misleading clients and enabling the early release of superannua...

Superannuation

ASIC has banned Gold Coast-based director Darren Thomas Edden-Brown for eight years for promoting and helping consumers access their superannuation early to buy a home or...

Superannuation

The Government has made it official by stating in the Budget that early release superannuation will not be allowed with respect to domestic and family violence....

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Superannuation

There were a further 21,000 superannuation members who applied for the early release of their super in the week before the scheme ended, with 31% representing repeat appl...

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Superannuation

The proposal for the early release of superannuation to address housing affordability by the Master Builders does nothing to address the supply side constraints at the he...

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Superannuation

The total number of repeat applications for the Government’s super access hardship scheme has reached one million with an average payment of $8,619, according to data....

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Superannuation

Superannuation fund members returning to access the $10,000 second tranche of the Government’s hardship early release superannuation regime have dominated the latest Aust...

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Financial planning

The Australian Securities and Investments Commission is facing tough questioning around how it has handled a number of issues amid the disruption of COVID-19....

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Superannuation

Members who have accessed hardship early release superannuation should understand that they may be audited by the Australian Taxation Office to determine whether they wer...

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Superannuation

During the first week of the early super release payments scheme trustees paid members $1.3 billion, according to data....

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Superannuation

There was no consultation with major superannuation fund organisations about the Government’s plan to allow people early access to their superannuation, prompting funds t...

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Financial planning

Tough times and the prospect of hardship access to superannuation has emphasised the need for good financial advice, according to MLC Wealth....

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Superannuation

There will be no income or assets tests for individuals who are eligible for early release of superannuation, which was announced on Sunday as a part of the government’s ...

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Superannuation

The Government has announced that workers who lose their jobs will be able to drawdown $10,000 from their superannuation to cover losses caused by COVID-19. ...

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