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Government pushed to extend grounds for early access to super

Government pushed to extend grounds for early access to super
Miranda Brownlee
10 January 2018 — 1 minute read

In light of Treasury’s consultation on the early release of superannuation, one lawyer is calling for early access to superannuation to be extended to renters facing eviction as well as domestic violence victims.

On 20 December last year, Treasury released its consultation paper on the early release of superannuation benefits following an announcement by Minister for Revenue and Financial Services Kelly O’Dwyer that the government would review the rules around early release in cases of severe financial hardship and on compassionate grounds.

Under the current legislation, one of the circumstances in which funds may be released on compassionate grounds is to prevent foreclosure of a mortgage, explained DBA Lawyers special counsel Bryce Figot.


One of the issues explored by the consultation paper is whether this should be extended to include individuals who are unable to meet rental payments, he said.

While some might argue that renters don’t have much to show for their rental payments in a financial, tangible sense, said Mr Figot, there’s a lot to justify extending access to super on these grounds, particularly given the growing percentage of lifelong renters.

“Why do home owners get this free kick or essentially this free safety net from the super system, when renters don’t?” he said.

Mr Figot said he also supports the idea of extending early access to superannuation for victims of domestic violence.

During a five-year period volunteering at a community legal centre, Mr Figot said he encountered a number of women facing homelessness or who were homeless, which was largely traced to domestic violence.

“So while I can certainly see the counter argument for ‘no you've got to preserve it’, and that is one of the competing guiding principles, having worked with people who were homeless and were facing homelessness as a result of domestic violence, I'm very sympathetic to adding this as new grounds,” he said.

“It would have been great if that was one of the things that I could have done for people as a legal service; to help them make an application to get some money from their super so that they wouldn't become homeless.”

Miranda Brownlee

Miranda Brownlee


Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years. 

Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

You can email Miranda on: This email address is being protected from spambots. You need JavaScript enabled to view it.

Government pushed to extend grounds for early access to super
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