‘Sophisticated’ identity theft attack results in Australian Tax Office preventing early super withdrawals till Monday

Allegations of identity robbery involving 150 Australians have forced the federal government to pause the early launch of superannuation, after law enforcement froze $120, 000 thought to have been ripped off from pension savings.

Upon Friday the assistant treasurer, Michael Sukkar, announced the particular Australian Tax Office might pause requests for earlier access of superannuation right up until Monday “out of an large quantity of caution” to consider additional anti-fraud protection.

Associated: Under-40s twice as likely to entry their super early below coronavirus scheme, survey discovers

Related: Should I access the super early during the coronavirus? Here’s how it will effect your money

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By JDCAI