COVID-19 early release of super: APRA data on first week (600k applications and $1.3b) and PM’s 1.5.20 report (950k applications with $7.9b total)

On Monday 4 May 2020, APRA released a data report on COVID-19 early release of superannuation applications received by funds in the week from 20 April – 26 April 2020. This covered the number of applications, the time to process them and the total amount paid.

See below for the further details.

[Tax Month – April 2020]