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The ATO advises that it is concerned about the number of illegal schemes being promoted that offer people access to their superannuation savings early.

Last financial year the ATO identified over 1,280 people involved with illegal schemes to access super early and assessed them for an additional $9.4 million in tax and penalties.

The Commonwealth Director of Public Prosecutions and the Australian Securities and Investments Commission have successfully prosecuted 4 promoters over the past 12 months who received jail sentences.


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