hifiandmtb
Sphincter beanie
Good luck with that!
https://www.brisbanetimes.com.au/bu...suspend-cash-withdrawals-20200407-p54hqc.html
https://www.brisbanetimes.com.au/bu...suspend-cash-withdrawals-20200407-p54hqc.html
Superannuation funds aren't necessarily liquid.The $44 billion superannuation fund representing the hospitality industry has updated its product disclosure statement to highlight its "absolute discretion" to "suspend or restrict" applications for cash withdrawals, while defending its ability to pay out the government's emergency early access scheme.
Hostplus has altered a clause in its PDS that will be relevant to a large portion of its members without any warning. Previously, the clause had told members they can switch between investment options and it would be processed within two days. The amended clause reveals the fund has total power to halt payouts at its discretion.