Financial Hardship Form (v16) 2026

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4.8 out of 5

80 votes

The document outlines the process for mobiSuper members to apply for early release of superannuation benefits due to severe financial hardship. It details eligibility criteria, required documentation, and steps to complete the application form. Members must provide evidence of financial distress, identification, and a statutory declaration. The maximum amount that can be released is $10,000 within a 12-month period unless the member is over preservation age.

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Click ‘Get Form’ to open the Financial Hardship Form (v16) in our editor.
Begin by entering your personal details in Step 1. Fill in your mobiSuper member number, date of birth, name, email, and residential address using a dark pen and capital letters.
In Step 2, provide your Tax File Number (TFN). While optional, including it can help avoid additional tax on your benefits.
For Step 3, select your payment method: Electronic Funds Transfer (EFT) or Cheque. Ensure you attach necessary documentation if choosing EFT.
Proceed to Step 4 to specify the payment amount. Choose between the maximum allowable amount or a specific requested amount.
In Steps 5 and 6, provide details about your employment status and financial situation, including income, living expenses, and debts.
Complete Step 7 by explaining your financial hardship circumstances and how you intend to use the funds if approved.
Finally, review the privacy statement in Step 8 before signing the declaration in Step 9. Ensure all information is accurate before submission.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (80 Votes)
2017	4.1 Satisfied (43 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What makes you eligible for financial hardship?

Severe financial hardship is when you are unable to meet reasonable and immediate family living expenses like groceries, rent or medical costs. You may be able to access some of your super early to help.

How to prove you are in financial hardship?

bank statements showing a reduction of income, essential spending and reduced savings. a report from a financial counselling service. debt repayment agreements.

What proof do you need for financial hardship?

Information that is relevant would include: Details of your income. Details of your expenses. The cause of your financial hardship (and evidence of the cause if available, for example, a medical certificate)

What documents do I need for financial hardship?

Contact your creditor Details of your income. Details of your expenses. The cause of your financial hardship (and evidence of the cause if available, for example, a medical certificate)

What do I need to prove financial hardship?

Common documents might include: Bank statements that show income and expenses. Copies of your most recent tax returns. Copies of pay stubs. Copies of other bills (credit cards, utilities, medical bills, etc.). Letters of unemployment or notices of reduction in pay/hours. Eviction notice. Medical bills.

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What qualifies as financial hardship?

Financial hardship may be deemed to exist when the debtor needs substantially all of his or her current and anticipated income and liquid assets to meet current and anticipated ordinary and necessary living expenses during the projected period of collection.