Stopping Abusers from Stealing Super | Adelaide News

The government is cracking down on financial abuse by targeting abusers who exploit victims’ superannuation, after heartbreaking cases like Christine’s—left drowning in $12 million debt because her ex-partner secretly used her name for loans and directorships. Financial abuse, costing Australia nearly $11 billion yearly, is a form of coercive control that leaves victims bankrupt, betrayed, and emotionally shattered. New measures empower the ATO to shut down suspicious self-managed super fund withdrawals, close a major loophole, and push banks and super funds to better protect vulnerable customers. The goal? A system that’s not just tougher on abusers—but kinder to victims, with potential tax debt waivers and stronger safeguards to prevent others from suffering the same devastation.

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