The head of industry super fund Hostplus, which represents mostly hospitality workers, is confident the $44 billion fund does not have liquidity problems and could meet demand for the federal government’s emergency access to super scheme.

Hostplus chief executive David Elia said the fund was "currently sitting on billions in cash and have billions more in liquidity if we are ever required to draw on". People who have lost their job or 20 per cent of their income as a result of the coronavirus pandemic will be able to apply to withdraw two tranches of $10,000 tax-free from their superannuation, starting mid-April.

Hospitality workers have been hit hard by the coronavirus. Credit:AAP

The government predicts just 1 per cent of the superannuation industry's assets will be affected but the industry has warned demand is likely to be much larger and may trigger a sell-off in shares and have wider impacts on the economy.

Some experts say the super funds that are most at-risk of liquidity issues are those with younger members with lower account balances and working in industries that are affected by the coronavirus pandemic.