Senate debates

Thursday, 14 May 2020

Questions without Notice

COVID-19: Superannuation

2:37 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

The first answer that I would provide is that these Australians are accessing their own money under arrangements that we put in place. The average withdrawal is about $8,000, and it is individual Australians, including young Australians, exercising their judgement—their own personal judgement—on how to deal in their circumstances with the implications on them of this one-in-100-year event.

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