Daily briefs

Daily briefs: Early access expected to wipe A$42b from super

Federal Treasurer Josh Frydenberg

Federal Treasurer Josh Frydenberg defended the early access to superannuation scheme, despite withdrawal estimates blowing out by more than 40%. Image credit: Marion Rae/Australian Banking Daily

By Adrian Black
Thu 30 July 2020

Revised federal government forecasts now estimate early access to sap A$42 billion from superannuation fund coffers, smashing initial Treasury estimates of A$29.5 billion.[.....]

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