As per COVID-19 early release scheme of APRA, about 150 of the 177 funds who presented the data made early release disbursements in the period since inception on 20 April to 31 May 2020.
- Payments made to qualified members have taken an average of 3.3 business days after obtaining application and 95% payments within 5 business days over 20 April to 30 May
- Superannuation funds made disbursements to 177,000 members making total payments number to 1.8 million over the week of 31 May
- The total value of payments was $1.3 billion during the week, with $13.5 billion paid since inception.
- The average payment made over the period since 20 April is $7,473
The 10 funds with the highest number of applications received from the ATO have made 1.22 million payments worth a total of $8.96 billion.
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