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Early access super 'gambled away online'

Michael Roddan

Superannuation savings taken out in the government’s early release program have been frittered away by punters on gambling sites and online wagering, sparking calls to clamp down on the wagering sector during the coronavirus pandemic.

According to sources familiar with bank transaction data, who spoke on the condition of anonymity, there have been numerous instances where workers have vaporised up to $10,000 on online gambling apps after receiving a lump sum under the early access program.

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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/early-access-super-gambled-away-online-20200520-p54us7