Faced with COVID-19, highest number of Australians tap retirement funds since April
Some 511,000 Australians applied to pull up to A$10,000 each from their retirement savings in the first week of the new financial year, government data showed, the highest number of people to do so since the first week the scheme was in operation in April. Australia announced the six-month emergency scheme, which allows workers to take up to A$20,000 of their superannuation savings over two financial years, in March as part of a broader stimulus package. The figures take...