Industry super funds ask for government help amid fears of mass Covid-19 withdrawals

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Rules allowing members who lose their job due to the coronavirus crisis to withdraw money early may cost funds more than $30bn

Superannuation funds have asked the government for taxpayer backing to help them meet withdrawals by members without being forced to sell assets, as the coronavirus crisis sparks one of the worst sharemarket routs in the past 100 years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is important.

Where is the help from the Australian billionaire / millionaire class - deafeningly silent

Who could have foreseen that?

Australia Australia Latest News, Australia Australia Headlines