The Government is forcing Australians who have lost their job to eat their superannuation before they can access unemployment support.

On 25 September the Government reinstated the Liquid Assets Waiting Period for Australians with liquid assets applying for unemployment support.
In question time today, the Minster representing the Minister for Social Services Stuart Robert confirmed that superannuation withdrawn early is considered a liquid asset for the purposes of triggering the waiting period.
With the Government encouraging out-of-work Australians to access up to $20,000 of their superannuation early, many have been subjected to the Liquid Assets Waiting Period.
The Minister also confirmed that the Government has plans to double the waiting period to up to six months, which would cut $10,600 in unemployment support to Australians who have lost their job.
Unemployed Australians who have accessed the maximum amount of superannuation as encouraged by the Government would be subjected to the entire six-month waiting period.
The Government is trying to pocket a budget saving from the superannuation of people who have lost their job.
More than $35 billion has been withdrawn in 3.4 million applications. The majority of funds were drawn by people under the age of 35 and over 600,000 Australians have wiped out their retirement savings.
The Government has used private savings for public stimulus and these Australians will pay a high price.

More from Society

The UN just voted to condemn Israel 9 times, and the rest of the world 0.

View the resolutions and voting results here:

The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.

Israel and the U.S. voted 'No'
https://t.co/HoO7oz0dwr


The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.

Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab


The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF


The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW

You May Also Like

First update to https://t.co/lDdqjtKTZL since the challenge ended – Medium links!! Go add your Medium profile now 👀📝 (thanks @diannamallen for the suggestion 😁)


Just added Telegram links to
https://t.co/lDdqjtKTZL too! Now you can provide a nice easy way for people to message you :)


Less than 1 hour since I started adding stuff to https://t.co/lDdqjtKTZL again, and profile pages are now responsive!!! 🥳 Check it out -> https://t.co/fVkEL4fu0L


Accounts page is now also responsive!! 📱✨


💪 I managed to make the whole site responsive in about an hour. On my roadmap I had it down as 4-5 hours!!! 🤘🤠🤘