Federal Government’s action will double early release drawdowns – Money Management

The Federal Government has added at least a further $30 billion to the amount which will be withdrawn from Australian superannuation funds by extending the timeline on its hardship early release superannuation regime. 
What is more, at least 60% of that $30 billion will be withdrawn from 10 major funds, the largest of which is AustralianSuper. 
That is the bottom line of yesterdays announcement by the Treasurer, Josh Frydenberg, that the Government will be extending access to the hardship earl…

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