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APRA: More than $30 billion in super paid to Australians doing it tough – NEWS.com.au
Latest APRA figures show millions of Australians are still draining superannuation accounts
The financial regulator estimates more than $30 billion has been sapped from the countrys retirement system from Australians claiming financial hardship due to COVID-19. Weekly figures released by the Australian Prudential Regulation Authority (APRA) show more than 3.9 million applications for early release of superannuation have been lodged with the Australian Taxation Office, with $29.4 billion already hitting people’s bank accounts.
According to APRA, the total amount requested at the week e…
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