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ARTICLE · 28 MAY 2020

Superannuation update

Holding Redlich
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ASIC & APRA - updated frequently asked questions about superannuation regulatory issues arising from COVID-19.

AustraliaReal Estate and Construction
Luke Hooper
Luke Hooper
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Superannuation monthly update – April 2020

Regulator updates

ASIC COVID-19 Information for superannuation trustees (1 to 16 April 2020)

Over April, ASIC issued and/or updated the following frequently asked questions about current superannuation regulatory issues that have arisen from the COVID-19 pandemic1:

Early access to superannuation scheme

1. What is ASIC doing to allow greater access to advice through superannuation as a result of COVID-19?

A package of measures has been announced by ASIC, including a temporary no-action position allowing the provision of certain expanded intra-fund advice relating to early access to superannuation. As outlined in the no-action position, trustees must notify ASIC if they rely on this no-action position.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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