Retirement Benefits Fund
We previously advised that all PAYG summaries were posted on Tuesday 21 July 2020. We have been made aware that in fact this did not occur until Tuesday 28 July 2020. The estimated delivery time to Metro Tasmania is 3-4 days and to Regional Tasmania 4-5 days. We sincerely apologise for the lodgement delay. Please call the RBF Enquiry Line on 1800 622 631 if you have not received your summary. ATO data is not due to be lodged until 14 August which is why you will not see your PAYG reflected in myGov until after that date.
COVID-19 early release
On 22 March 2020 the Australian Government announced changes to provide financial assistance to Australians to support them through the Coronavirus. Part of this assistance includes temporary early release of superannuation.
Compulsory Preserved Accounts (CPA), Investment 12 accounts and CPA12 accounts are the only RBF account types that are eligible for COVID-19 early release payments.
If you are an active contributor to your defined benefit account or hold a Family Law non member spouse entitlement, then you are not eligible for early release, and any approval provided by the ATO will not be valid and RBF will decline your application.
Active members of the Contributory Scheme, the Fire and Ambulance Schemes and our life pensioners are not eligible to access any of their benefit under these arrangements.
For further details on these measures, please click here.