Tapping the compassionate release of super to fund inappropriate cosmetic procedures needs to be stamped out, the tax office and health practitioner regulators say.
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The warning comes as new ATO data shows a further jump in applicants seeking early superannuation payouts on compassionate grounds.
In 2024/25 a total of $1.4 billion in superannuation funds was released on those grounds, compared with just more than $1 billion in 2023/24.
Of 112,400 applications received in 2024/25, only 67,900 were approved, a large portion being for medical trea