Coronavirus (COVID-19) updates from the Australian Government

Review of the early release of superannuation benefits

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Consultation Paper

Key Documents

On 8 December 2017 the Government announced that Treasury will conduct a review of the rules governing the early release of superannuation benefits, including for victims of crime compensation.

The rules governing early release of superannuation benefits have not changed substantially since 1997. The superannuation system has come a long way since then and it is important to ensure the arrangements remain fit for purpose.

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 paper also examines whether, and the circumstances in which, an offender’s superannuation assets should be available to pay compensation to victims of crime.

Treasury will make recommendations to the Government in mid-2018.

Submissions

58 submissions were received for this consultation.

Anonymous submission 1 - docx 24.16 KB
Anonymous submission 2 - docx 26.3 KB
Anonymous submission 3 - pdf 325.83 KB
AustralianSuper - pdf 207.69 KB
BUSSQ - pdf 8.08 MB
Campbell Simpson - pdf 34.97 KB
Commonwealth Ombudsman - docx 106.73 KB
CPA Australia - pdf 261.35 KB
Denis Strangman AM - pdf 46.02 KB
Dixon Advisory - pdf 233.73 KB
Domestic Violence VIC - pdf 240.47 KB
economic Security4Women - pdf 203.18 KB
Fiona Bisshop - pdf 154.7 KB
HESTA - pdf 1.88 MB
Jane Heenan - pdf 35.39 KB
Jennifer Broughton - docx 23.21 KB
Law Council of Australia - pdf 279.37 KB
Legal Aid NSW - pdf 824.12 KB
Legal Aid Queensland - pdf 475.29 KB
Mercer - pdf 65.66 KB
Mine Super - pdf 234.24 KB
Nicholas Silberstein - pdf 125.27 KB
Painaustralia - pdf 303.1 KB
rbConsult - docx 51.21 KB
Safe Steps - pdf 99.48 KB
Senator Rex Patrick - pdf 130.8 KB
Skye Petho - docx 25.26 KB
SuperCare - pdf 1.03 MB
Tracy Hoolachan - pdf 398.94 KB
Trish Southorn - pdf 32.46 KB
Tyrone Kirchengast - pdf 246.94 KB
UniSuper - pdf 690.09 KB
Victims Services NSW - docx 37.14 KB
Women in Super - pdf 390.96 KB