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ATO call centre contacting hundreds for eligibility to early access of super

COVID-19 | ‘Hundreds’ to be Contacted in ATO Early Super Compliance Blitz

Emma Zajac
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Hundreds of Australians who applied for the COVID-19 early release of superannuation are set to be queried on their eligibility as the ATO kicks off a pilot compliance program. The ATO will now contact “hundreds” of people who appear to have been ineligible for the early release of super but have gone ahead to raid their…
Government Extends Early Access to Super for those effected by COVID-19

COVID-19 | Government Extends Early Access to Super

Emma Zajac
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Australians adversely financially affected by COVID-19 will now be given more time to apply for the early release of superannuation. The government’s economic and fiscal update on Thursday has revealed that applications for the COVID-19 early release of super scheme will now be extended to 31 December. Eligible citizens and permanent residents of Australia and…
Young Couple Experiencing Financial stress and wanting to access their super early

COVID-19 | Taxpayers Cautioned on Early Super Release

Emma Zajac
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Taxpayers have been urged to reconsider applying for the early release of super to simply obtain tax benefits, with the loophole going against the intent of the government’s COVID-19 relief measures. Temporary early access to super was one of several changes made to superannuation as a part of the government’s second stimulus package to offset the economic…

New Laws for Super, Insurance and Exit Fees

Emma Zajac
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From 1 July 2019, new laws commenced preventing superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances are now moved to the ATO to try and unite the unclaimed super with its owner. These changes do not apply to self-managed superannuation funds or small…

Desk calendar with July 1st

Superannuation Changes Coming July 1st

Emma Zajac
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  An alarming stat shows how many Australians have no idea about a major change coming on July 1. And it could leave you without life insurance. Australians could be left stranded without life insurance on July 1 when a little-known but significant change to superannuation is enforced. Most are unaware their superannuation has a…

Blog – Legislation in Limbo

Emma Zajac
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A budget, an election and the legislation that hasn’t made it through. The February 2019 Parliamentary sitting days were the last opportunity before the Federal Budget for the Government to introduce or push through new legislation. Next month, on 2 April, Parliament reconvenes for the Federal Budget and it’s likely that an election will be…

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