Coronavirus – Early Release of Superannuation
                     Coronavirus – Early Release of Superannuation
www.sfadvisory.com.au +61 3 9798 6622
To assist people adversely financially impacted by the coronavirus, 
the Government has passed laws to allow eligible people to access 
up to $10,000 of their superannuation in financial year 2019-20 
plus a further $10,000 in the period between 1 July and 24 
September 2020 in financial year 2020-21.
Eligibility
To be eligible to access their super, eligible members must satisfy 
any one or more of the following requirements at the time of 
making the application:
www.sfadvisory.com.au +61 3 9798 6622
1. They are unemployed, or
2. They are eligible to receive Jobseeker Payment, Youth 
Allowance for jobseekers, Parenting Payment (which includes the 
single and partnered payments), Special Benefit or Farm 
Household Allowance, or
3. On or after 1 January 2020:
• They were made redundant, or
• Their working hours were reduced by 20 per cent or more, or
• If they are a sole trader — their business was suspended or 
there was a reduction in their turnover of 20 per cent or more.
www.sfadvisory.com.au +61 3 9798 6622
In relation to reductions in working hours and turnover, a member 
will be eligible if their hour of work or turnover at the time of 
making the application has reduced by 20% or more compared to 
their average hours of work or turnover in the second half of 
2019.
Call us now at SMART Financial Advisory (0402895593) or email 
us on [email protected] and we can help you in these 
difficult times of need.
www.sfadvisory.com.au +61 3 9798 6622
Contact Us
Address: Fiveways Business Centre, 7 Keysborough     
Close (First Floor), Keysborough, VIC, 3173 Australia
PH: +61 3 9798 6622
Email: [email protected]
Web: www.sfadvisory.com.au
www.sfadvisory.com.au +61 3 9798 6622