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$17 billion ripped from Australia’s superannuation system

June 30, 2020 - 10:00 -- Admin

The Australian Prudential Regulatory Authority’s (APRA) weekly update on the Morrison Government’s early superannuation release policy reveals that another $1.2 billion was pulled from Australia’s superannuation pool, raising total withdrawals to $17.1 billion: As you can see, 2.3 million applications for early release have been paid averaging $7,492 per withdrawal. Looking at the breakdown, you

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