Early Release of Super (ERS) Update
/The latest in the COVID-19 Early Release of Super (ERS) scheme from inception up to 18 October are as follows:
$34.4 billion in payments made, with $35.3 billion applied for
The average payment is $7,663, while the average application amount is $7,401
The average number of days for payment is 3.3
Ninety-five per cent of applications are paid within five business days, with 0.5 per cent of applications in progress
There have been 3.3 million applications received and 1.3 million repeat applications
The repeat application amount is an average of $8,354
Submissions have been received from 175 funds
