No! U only can withdraw up to $10 grand if u hold that much or more in ur fund.
But, the govt had created a loop hole that certain group of people can extract more in tax benefit in super. It sounds like the person withdrawing their supers is being subsides by others and then can exploit taxpayers at the same time.
The following is a bit from this article.
What are we meant to make of it?Taking it all together, a (probably unintended) consequence of the super changes has been to create a sizeable tax loophole for those who are relatively mildly impacted by the coronavirus, still earning taxable income, and have the financial capacity to salary sacrifice into super.
While it might initially sound like a niche opportunity, it could be of interest to a significant number of the estimated six million recipients of the JobKeeper payment.
