Business
Warnings crime gangs are targeting coronavirus early access superannuation scheme – ABC News
The corporate watchdog is warning the Federal Government’s early access to superannuation scheme is a ripe target for fraud and abuse.
The corporate watchdog is warning the Federal Governments early access to superannuation scheme is a ripe target for “serious and organised” crime gangs.
Key points:
- Federal authorities are concerned about suspicious activity linked to the program
- Real estate agents and schools have also encouraged super withdrawals to pay for expenses
- An estimated $42 billion has already been withdrawn from super accounts
The Australian Securities and Investment Commission …
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