Compassionate grounds claim
You can make a claim to be paid from your superannuation balance on compassionate grounds by making a direct application to the Australian Prudential Regulation Authority (APRA).
Once approval has been granted by APRA, an Application for Payment of Benefit - Compassionate Grounds Form must be completed and forwarded to:
HIP
Locked Bag 23
HAYMARKET NSW 1236
APRA will only consider circumstances that may satisfy 'compassionate grounds' which are restricted to the need to pay for:
- Medical expenses for members or their dependents; or
- Partial payment of home loans to avoid foreclosure of the loan; or
- Need to pay for expenses associated with death, funeral or burial for members or their dependants
- Modification of your home or vehicle for a member or dependant suffering a medical disability; or
- Medical transport.
How much can be released to you?
HIP will pay the amount that is stated in the approval letter received from APRA, less any applicable taxation.
Can you have more than one compassionate grounds claim in a year?
Depending on your circumstances, APRA may approve more than one compassionate grounds claim in one year. If you are claiming for mortgage assistance you are limited to a maximum amount of up to three-months' repayments and 12-months' interest in any year. Please refer to the APRA website for more details or contact them directly on 1300 131 060.
This website is provided by Private Hospitals Superannuation Pty Ltd ABN 59 006 792 749, AFSL 247063, RSE L0001533, Trustee of Health Industry Plan (SPIN HIP0100AU, RSE R1056617), and is general information only. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. Please note that investments can go up and down. Past performance is not a reliable indicator of future performance. You should assess your own financial situation and needs, read the relevant Product Disclosure Statement and consult an adviser if required before making a decision about products on this website.