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.
You can submit responses to this consultation up until 15 February 2019.
Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
How to respond
Address written submissions to:
Manager, Early release of superannuation
Retirement Income Policy Division
PARKES ACT 2600