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APRA |
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Although APRA must be satisfied that your application meets the criteria for early release of superannuation under specified compassionate grounds, the final decision rests with the trustee of your superannuation fund. The centrist Popular Action party said that Velasquez was a default choice because no independent politician would be willing to work with the APRA government. The changes are prompted by the Government's plans to enact the Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Bill 2009, which would allow APRA to register non-operating holding companies of life companies (life NOHCs) and make prudential standards for them. |
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