The federal government is working on relaxing superannuation financial hardship laws to enable fund members who lose their jobs or small business income due to the coronavirus economic downturn to get early access to their retirement savings.
Politicians are already being inundated with emails and phone calls from the public who want to be able to draw on some of their share of the nation's $3 trillion superannuation pool to cope with the coronavirus crisis.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
