Picture: NCA NewsWire / Sarah MatraySource:News Corp AustraliaThe average amount accessed was $7638, with processing times usually taking 3.3 days. About 1.4 people made repeat applications in both the 2020 and 2o21 financial years.top 10 funds with the highest number of applications received accounted for 66 per cent of total early release payments and made 96 per cent of payments within one to five business days, APRA said in a statement.than 8000 applications were still in process at 31 January, 2021 many because funds had been unable to contact applicants to finalise payment. Beefing up the balance sheets of everyday Australians, the scheme has attracted negative attention for a lack of oversight in the first tranche, where the eligibility of applicants wasn scrutinised.To be eligible, a person needed to prove that they had lost their job or experienced a reduction in earnings since the start of the pandemic.The Australian Taxation Office has previously announced it is investigating individual cases where it believes a fraudulent claim could have been made.Spending data during the height of the scheme showed the funds were mostly spent on discretionary items and paying down existing debt such as credit cards..

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