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The Honourable Mal Brough
Minister for Revenue and Assistant Treasurer
Parliament House
CANBERRA ACT 2600
Dear Minister
I have pleasure in presenting you with the first report of the Australian Taxation Office on the Government Co-contribution Scheme for the quarter ending 30 September 2004.
In preparing this report, I have addressed the legislative requirements in subsection 54(1) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 (the Act).
There were no recipients of government co-contributions and the total amount of government co-contributions made during the quarter was nil. No amounts were recovered during the quarter as overpaid amounts under section 24 of the Act.
The reason for this nil report is that the system to process the amounts came into operation in October 2004.
Yours sincerely
Michael Carmody
Commissioner of Taxation
November 2004
The Honourable Mal Brough
Minister for Revenue and Assistant Treasurer
Parliament House
CANBERRA ACT 2600
Dear Minister
I have pleasure in presenting you with the report from the Australian Taxation Office on the Government Co-contribution Scheme for the 1 October 2004 to 31 December 2004 quarter.
In preparing this report, I have addressed the legislative requirements in subsection 54(1) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003.
Yours sincerely
Michael Carmody
Commissioner of Taxation
February 2005
Report from the Commissioner of Taxation under subsection 54(1) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 on the working of the Act during the period:
Total number of beneficiaries of super co-contribution entitlements made by the Commissioner - subregulation 21A(1)(a)
|
476,735
|
Total amount of super co-contribution entitlements made by the Commissioner - subregulation 21A(1)(b)
|
$250,530,000
|
Total amount of super co-contribution overpaid entitlements recovered by the Commissioner - subregulation 21A(1)(c)
|
$10,000
|
Notes:
A super co-contribution entitlement is made by the Commissioner when an individual's eligibility and their entitlement amount have been determined.
Where a super co-contribution entitlement represents an additional payment for a beneficiary in respect of the same financial year, that beneficiary is not counted again in subsequent reports for the same financial year.
The total amount of super co-contribution entitlements made and recovered by the Commissioner is rounded up to the next whole $1,000.
The Honourable Mal Brough
Minister for Revenue and Assistant Treasurer
Parliament House
CANBERRA ACT 2600
Dear Minister
I have pleasure in presenting you with the report from the Australian Taxation Office on the Government Co-contribution Scheme for the 1 January 2005 to 31 March 2005 quarter.
In preparing this report, I have addressed the legislative requirements in subsection 54(1) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003.
Yours sincerely
Michael Carmody
Commissioner of Taxation
18 April 2005
Report on the Commissioner of Taxation under subsection 54(1) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 on the working of the Act during the period:
Total number of beneficiaries of super co-contribution entitlements made by the Commissioner - subregulation 21A (1)(a)
|
Financial year to which the entitlement relates - 30 June 2005
|
0
|
Financial year to which the entitlement relates - 30 June 2004
|
70,405
|
Total amount of super co-contribution entitlements made by the Commissioner - subregulation 21A(1)(b)
|
Financial year to which the entitlement relates - 30 June 2005
|
0
|
Financial year to which the entitlement relates - 30 June 2004
|
$41,009,000
|
Total amount of super co-contribution entitlements recovered by the Commissioner - subregulation 21A(1)(c)
|
$72,000
|
Notes:
Where a super co-contribution entitlement represents an additional entitlement for a beneficiary in respect of the same financial year, that beneficiary is not reported again in any subsequent quarterly reporting period in the same financial year.
Where a beneficiary has super co-contribution entitlements made in respect of two or more financial years during the reporting period, the beneficiary is reported once for each financial year.
The total amount of super co-contribution entitlements made and recovered by the Commissioner is rounded up to the next whole $1,000.
The Honourable Mal Brough
Minister for Revenue and Assistant Treasurer
Parliament House
CANBERRA ACT 2600
Dear Minister
I have pleasure in presenting you with the reports from the Australian Taxation Office on the operation of the Government co-contribution scheme during the quarter 1 April 2005 to 30 June 2005, and during the financial year 1 July 2004 to 30 June 2005.
In preparing these reports, I have addressed the requirements in subsections 54(1) and 54(2) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 and related regulations.
Yours sincerely
Michael Carmody
Commissioner of Taxation
24 August 2005
Super Co-contributions Quarterly Report
Report from the Commissioner of Taxation under subsection 54(1) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 and related regulations on the working of the Act during the period:
Total number of beneficiaries of super co-contributions
paragraph 21A(1)(a) of the regulations
|
58,594
|
Total of super co-contribution entitlements
paragraph 21A(1)(b) of the regulations
|
$36,123,000
|
Total of super co-contribution amounts recovered
paragraph 21A(1)(c) of the regulations
|
$420,000
|
Notes:
A super co-contribution entitlement is made by the Commissioner when an individual's eligibility and their entitlement amount have been determined.
All amounts reported as made during this quarter are entitlements related to the financial year ended 30 June 2004.
Entitlements determined on the last day of March have been included in this quarterly report, as they were not included in the report for the quarter ending 31 March 2005.
Where a super co-contribution entitlement represents an additional entitlement for a beneficiary in respect of the same financial year, that beneficiary is not reported again in any subsequent quarterly reporting period in the same financial year.
The total amount of super co-contribution entitlements made and recovered by the Commissioner is rounded up to the next whole $1,000.
Last Modified: Monday, 19 December 2011