ATO and AHPRA Collaborate to Prevent Abuse of Superannuation Funds
The Australian Taxation Office (ATO) and the Australian Health Practitioner Regulation Agency (AHPRA) have issued new guidance to warn health practitioners against unnecessarily encouraging patients to access their superannuation funds.
This joint effort aims to stop health practitioners from devising methods to persuade patients to request access to superannuation for medical treatments, a practice that has seen a significant increase over the past two years, with requests doubling in number.
The ATO and AHPRA have noted an increase in requests for the compassionate release of superannuation.
The new guidance follows a series of questions raised by Australian Greens Senator Nick McKim during Senate estimates about using superannuation funds for dental treatment.
Autor's resume: ATO and AHPRA unite to stop super abuse.
- ATO and AHPRA issued new guidance for health practitioners.
- Requests for compassionate release of superannuation have doubled.
- The collaboration aims to prevent unnecessary access to superannuation funds.
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