ATO and AHPRA Collaborate to Prevent Abuse of Superannuation Funds
The Australian Taxation Office (ATO) and the Australian Health Practitioner Regulation Agency (AHPRA) have issued new guidance to warn health practitioners against encouraging patients to access their superannuation funds unnecessarily.
This joint effort aims to stop health practitioners from devising complex methods to persuade patients to request access to superannuation for medical treatments.
- The number of requests for compassionate release of superannuation has doubled over the past two years.
- A joint media release was issued by the ATO and AHPRA to address this issue.
This development follows a series of questions posed by Australian Greens Senator Nick McKim during Senate estimates last week, regarding the use of superannuation funds for dental treatment.
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Author's summary: ATO and AHPRA team up to stop abuse of super funds.