30 Jul 2020 APRA Updates
APRA has published the latest industry-level and fund-level data on the temporary early release of superannuation scheme.
The Early Release Initiative statistics for applications received between 20 April - 19 July 2020 are available on the APRA website at: COVID-19 Early Release Scheme.
The statistics reflect the commencement of the second period that members can access the temporary early release of superannuation scheme.
Specifically the statistics capture:
- Initial applications, where a member has made their first application for early release of superannuation benefits (irrespective of which time period the application applies to); and
- Repeat applications, where a member has made an application in both time periods.
Read more here.