SMSF Association Submission – Joint Submission – Access to offenders’ superannuation for victims and survivors of child sexual abuse – Discussion Paper

Chartered Accountants Australia and New Zealand, CPA Australia, Financial Planning Association, the Institute of Public Accountants and the SMSF Association support, in principle, the policy outlined in the Discussion Paper. 

However, as described below, we believe the scope of the policy should be broadened to cover victims and survivors of other heinous crimes.

Our submission does not directly answer the questions contained the Discussion Paper, but highlights our primary issues, concerns and recommendations.

We note that the Discussion Paper limits the payment from offender’s superannuation accounts in order to satisfy unpaid compensation orders. We agree with this limitation.

Read full submission below.