6 months ago
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Peak consumer body and financial services minister warn against private providers encouraging patients to tap into super to fund medical procedures
Advertisements offering patients “simple” access to their superannuation to pay for medical treatments have been described by the peak consumer health body as a “worrying trend” amid the cost-of-living crisis.
The Australian Taxation Office (ATO) approved 37,400 individuals to access their superannuation early on compassionate medical grounds in 2022-23, releasing a total of $730m.
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