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  • Illegal early release of super

    We issued a media release warning the public about a recent scam where promoters are encouraging people to illegally access their super early.

    It’s important for your members to be aware that it is illegal to access their super early without meeting a condition of release, or encouraging others to do so.

    In the media release, Deputy Commissioner James O’Halloran warns of the dangers of illegal super schemes.

    "People need to be aware of the financial dangers of falling prey to these promoters. These people could cost you a big part of your hard-earned retirement savings."

    It's important to remind your members that if they're approached by a promoter, they should seek advice from a professional advisor or check with us.

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      Last modified: 16 Jul 2018QC 56260