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Early release of superannuation on financial hardship grounds 003-09020000

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Policy

Social Security Guide, 4.8.2.20, Early Release of Superannuation

Social Security Guide, 4.8.2.30, Assessing Withdrawals from Superannuation

Social Security Guide, 1.1.P.377, Preservation age

Social Security Guide, 4.3.5.70, About DVA Defence Force Income Support Allowance (DFISA)

Legislation

Links to the Federal Register of Legislation point to a 'Series' page. Select the 'Latest' version

Rules about withdrawal of superannuation on hardship grounds are not part of social security legislation. The superannuation industry has its own legislation, which governs the release of superannuation.

Superannuation Industry (Supervision) Regulations 1994

  • section 6.01(2), Commonwealth income support payment
  • section 6.01(5), Interpretation

Retirement Savings Accounts Regulations 1997

  • section 4.01(2), Commonwealth income support payment
  • section 4.01(5), Interpretation

Social Security Act 1991

  • section 9, Financial assets and income streams definitions
  • section 23, General definitions