Review of the early release of superannuation benefits

By David Jacobson Treasury has announced it will conduct a review of the rules governing the early release of superannuation benefits.
An issues paper has been released for public consultation, examining the key issues related to the early release of superannuation benefits under compassionate grounds and severe financial hardship grounds. The review will consider whether the current criteria for financial hardship are too strict.
The paper also examines whether, and the circumstances in which, an offender’s superannuation assets should be available to pay compensation to victims of crime.
Current rules
Early release of superannuation benefits on compassionate grounds is currently governed by Regulation 6.19A of the Superannuation …read more

Source:: Bright Law

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