The prudential regulator’s early release data from the week ending 3 May revealed that super funds issued early release payments worth around $6.3 billion to 830,000 members, with an average payment size of $7629.
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APRA figures reveal late paying funds in the minority
Super funds paid out over $6 billion in early release requests in the last week of April alone, with the vast majority of funds processing member requests for early release within five business days.
