Early Release goes live – COVID-19 Government Response

AFA News 23 April 2020. On the back of the important announcement by ASIC last week on relief measures related to the provision of financial advice during the coronavirus crisis, other recent developments have included:

  • Access for super fund members to claim early release of superannuation benefits became available earlier this week.
  • ASIC have set up a valuable resource page to explain the early access scheme and the steps that people need to take. This includes among other things, seeking advice from a financial adviser.
  • Companies are also now starting to submit applications for the JobKeeper payment.

For your comprehensive information please access the AFA COVID 19 Resources page for details on the stimulus and relief packages that are available from both the Federal Government and the State Governments. This page also includes the webinars that we have conducted to assist members and to explain the Government packages, along with the actions undertaken by the regulators.