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Issue 765, 20 July 2020 
In this issue: 

 

COVID-19 Coronavirus: early release of super – APRA data 

APRA has made its twelfth weekly publication of industry-level data from its early release initiative data collection. 

The data covers applications made from inception of the early release initiative on 20 April through to 12 July. This week’s report includes the first full week of applications under ‘phase 1’ of the initiative, which runs from 1 July to 24 September 2020. 

The data shows that, from 20 April to 12 July: 

An ‘initial’ application is the first application made in respect of a member account whether this occurred in the 2019-20 financial year application period or the 2020-21 financial year application period. A ‘repeat application’ is an application for a member account that previously submitted an initial application. All ‘repeat’ applications relate to the 2020-21 financial year application period. 

APRA has also published the eleventh tranche of fund-level statistics from its early release data collection, revealing the number and value of the payments processed by each fund, as well as the time taken to make payments. 

 

COVID-19 Coronavirus: next Parliamentary sitting fortnight cancelled 

The Government has announced that the next sitting fortnight for Parliament has been cancelled due to concerns about COVID-19 transmission in Victoria and New South Wales. 

Parliament had been due to sit on 4-6 and 10-13 August but is now expected to resume on 24 August. 

 

 

ASFA REGULATORY WATCHLIST

ASFA’s Regulatory Watchlist (ARW) tracks developments in Legislation, inquiries, consultations

and other regulatory announcements relevant to superannuation.

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