Removed super no longer protected from creditors: court

April 13, 2024

A recent Federal Court ruling has found that the transfer of super from a husband to his wife’s superannuation account is no longer protected as an interest of the bankrupt in a regulated super fund under the Bankruptcy Act 1966.

Illegal access nets $637 million

March 9, 2024

The ATO has found $637 million of superannuation savings has left the system due to illegal early access carried out through SMSFs.