APRA Reveals $34.4bn Super Early Release

Mitchell Clark • October 26, 2020

Over $34.4bn has been released from Australian Superannuation Funds under the COVID-19 early release scheme, the Australian Prudential Regulation Authority revealed. The figures, which do not include self-managed super funds, show the deep impact of the scheme on superannuation balances. 3.3 million initial applications and 1.3 million subsequent applications were received by funds.


February 16, 2026
When clients sell a long-held family home, they may be able to channel part of the proceeds into superannuation by using the downsizer contribution rules.
February 16, 2026
As a business owner or investor, time is always tight...
February 16, 2026
Electric vehicles (EVs) are no longer a niche choice...
February 10, 2026
For many Australians, a holiday home does double duty...
By Erin Robertson December 4, 2025
For years, businesses have been moving away from cash – and for good reason.
By Erin Robertson December 3, 2025
The ATO’s rules on self-education expenses are strict, and the line between “deductible” and “non-deductible” can be thin. Getting it right could mean thousands back in your pocket; getting it wrong could mean an ATO adjustment, plus interest and penalties.
By Erin Robertson December 2, 2025
Running, or deciding to set up a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities.
By Erin Robertson December 1, 2025
If you run a business, you already know the juggling act that comes with managing the payroll process — paying staff on time, managing cash flow, and staying compliant.
By Erin Robertson November 11, 2025
Many businesses hold critical data that poses significant risk to both businesses and their customers if the data they hold is not safeguarded from cybersecurity threats.
By Erin Robertson November 11, 2025
A new Bill before Parliament – the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 – proposes several key changes that could affect small businesses, listed companies, and the not-for-profit sector.
Show More