The Federal Treasurer, Josh Frydenberg has confirmed that the Government’s hardship early access superannuation scheme will be extended until 31 December.
Access to the scheme had originally been intended to end on 24 September.
In his economic announcement today, he said the Government was extending the application period for the measure from 24 September 2020 to 31 December, 2020, to increase the scope for individuals who may still be financially impacted by COVID 19 to access early release in the coming months.
“Eligible Australian and New Zealand citizens and permanent residents were able to access up to $10,000 of their superannuation before 1 July, 2020. They can access a further $10,000 until 31 December, 2020,” the Government announcement said.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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