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 unnecessarily access their superannuation funds.
This joint effort aims to stop health practitioners from devising complex methods to persuade patients to request access to superannuation for medical treatments.
The Australian Taxation Office and the Australian Health Practitioner Regulation Agency are working to end the practice of health practitioners devising complex methods to persuade patients to request access to superannuation for medical treatments.
- The number of requests for the compassionate release of superannuation has doubled over the past two years.
- A joint media release was issued by the ATO and AHPRA in response to a series of questions asked by Australian Greens Senator Nick McKim during Senate estimates.
Author's summary: ATO and AHPRA join forces to stop superannuation abuse.