ATO and AHPRA Collaborate to Prevent Superannuation Fund Abuse
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 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 asked by Australian Greens Senator Nick McKim during Senate estimates last week, regarding the use of superannuation funds for dental treatment.
No specific quote available in the context.
Author's summary: ATO and AHPRA join forces to stop abuse of super funds.
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