When will my super co-contribution be paid?
Your co-contribution is payable after:
- you have lodged your income tax return,
- your super fund has lodged a member contributions statement (MCS) for you, and
- the Tax Office has received any additional information required.
We generally receive the required information from super funds by 31 October following the end of the income year. However, some smaller super funds may not be required to report this information until the following 31 March.
Can I choose where the super co-contribution is deposited?
The co-contribution will generally be paid directly into the super account to which you made your personal super contribution, providing that fund will accept the co-contribution.
If you wish to have your co-contribution paid into a particular super fund, you can complete a Superannuation fund nomination form (NAT 8676, PDF 74KB) or phone our information line on 13 10 20.
It is important that this nomination be completed before the Tax Office receives all of the information necessary to make a co-contribution payment.
Can the super co-contribution be paid into my bank account?
No. Unless you are eligible for a direct payment, for example because you have retired, the co-contribution will generally be paid into your super account. The preservation rules that apply to your current super entitlements also apply to the co-contribution.
If you are eligible to receive a direct payment, the co-contribution will be paid to you as a cheque.
What can I do if I believe I should have been paid a co-contribution?
It is important to check that you have met all of the eligibility criteria. You must ensure you have made personal super contributions to a complying super fund or retirement savings account and that your total income (which includes any reportable fringe benefit amounts) is less than the higher income threshold.
If you believe that you have met all of the eligibility criteria, you should phone the Tax Office on 13 10 20 and ask about the reasons why your co-contribution has not been paid.
If you believe that you are entitled to a super co-contribution, you can write to us and request a review of decision.
Sections within Common questions
Last Modified: Monday, 12 October 2009
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