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$38 billion ‘pumped into the economy’ through early access superannuation scheme
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Sky News Political Editor Andrew Clennell says the government’s early access to superannuation scheme has been a weighty stimulus for the economy due to the strong uptake among Australians.

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Treasury and ATO officers today told the Senate’s COVID committee $38 billion came from people being able to access $10,000 of their superannuation in two tranches.

“$38 billion from people’s super, being accessed early, pumped into the economy,” Mr Clennell said.

“$100 billion for JobKeeper, $38 billion of super, that’s how significant that’s been a stimulus to the economy.”