Review of the early release of superannuation benefits; closes on 15 February 2019.

The Government has released for a second round of consultation an issues paper with findings and draft proposals for reform of the rules governing the early release of superannuation benefits on compassionate and severe financial hardship grounds.

This consultation seeks views on:

  • draft proposals that would relax aspects of the current early release regime and provide more scope for individuals to obtain early release of their superannuation;
  • draft proposals to strengthen the integrity of the current arrangements and ensure that superannuation is accessed as a last resort in cases of hardship; and
  • proposed changes to the administration of the rules governing early release on compassionate and severe financial hardship grounds.

Interested parties are invited to comment on this consultation.

(Source: Australian Treasury)

 

From the blog:

Why Australia’s Compulsory Superannuation System Discriminates Against Middle-Income Earners, by Ross Guest

What is Superannuation?, by Emily Millane

Why Do Australians Participate (or Not Participate) in Voluntary Savings in Superannuation?, by Jun Feng

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