Seriously?! Perhaps if they had asked more questions in the application process then it would not have been so easy for people to be approved. Surely when they set up the "application" webpage they could have added a couple more questions to make people think twice. Could have also added a caveat that said if deemed not eligible then tax would be applicable that would have made more people think before submitting. ATO needs to take responsibilty for not setting it up correctly not penalise people.

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The ATO has become quite arrogant. They have, along with Morrison, affectively set ordinary Australians' up for complete failure. Initially they lacked explanation regarding the consequences of early access to some super. They did not make it clear exactly who this was for. I would love to see a class action against the ATO if it were possible. Most Australians were acting honestly not like the ATO's suggestion to the contrary. Just goes to show the contempt the ATO really has toward tax payers and goes a long to show how this current government's contempt toward unemployed and low income people really is, in the gutter! To now threaten these people with massive fines is a disgrace.

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Fining for early release will mean that person will be even less capable of funding their own retirement, forcing them to work longer. LNP wins again.

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I see this loose policy as a clever cash cow by the government, first it's a quick cash stimulus to the economy without costing the government anything, then later with the taxation and possible fines imposed acting as a free stimulus back to the government to assist in paying back the deficit. Government gets to have its cake and eat it too, well played scomo.

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It's weird how our super is meant to be our money for retirement , yet there are consequences of drawing it out that include fines larger than what the amount drawn out is, so in reality, it must not be our money then isn't it, and the government is f**king us? And p.s there are some people around Australia who don't plan to have to live off their super or become a pensioner.

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Hi everyone , i took twice of my super last year cause i was so desperate to pay off my debt , and now iam worry about this, cause of the tax time this year do you think im going to get hefty fine? Pls let me know if any one know .thanks guys.

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