Report from the Commissioner of Taxation under subsection 12(G)(2) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 and related regulations on the working of the Act during the period:
1 July 2022 to 30 June 2023
The number of beneficiaries of a LISTO entitlement with an adjusted taxable income |
2,432,945 |
The number of beneficiaries of a LISTO entitlement with an estimated adjusted taxable income |
239,813 |
The total number of beneficiaries of a LISTO entitlement |
2,672,758 |
The amount of LISTO entitlements made with an adjusted taxable income |
$641,444,000 |
The amount of LISTO entitlements made with an estimated adjusted taxable income |
$32,286,000 |
The total amount of LISTO entitlements made |
$673,730,000 |
The total amount of LISTO entitlements recovered |
$12,538,000 |
Notes:
This report includes entitlements determined during the 1 July 2022 to 30 June 2023 financial year.
- A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
- Each beneficiary is only counted once regardless of the number of entitlements received for the financial year.
- The total amount recovered includes all amounts overpaid as a result of a subsequent amendment to an individual’s income tax assessment or a change to the superannuation contributions reported for that individual.
- Both the total amount of low income superannuation tax offset entitlements determined and the total amount recovered are rounded up to the next whole $1,000
Adjusted taxable income range |
LISTO beneficiaries relating to 2019–20 and earlier |
LISTO beneficiaries relating to 2020-21 |
LISTO beneficiaries relating to 2021-22 |
LISTO beneficiaries relating to 2022-23 |
Total LISTO beneficiaries determined |
|---|---|---|---|---|---|
Under $0 |
10 |
30 |
480 |
0 |
520 |
$0 to $999 |
11,424 |
293,895 |
22,672 |
1 |
327,992 |
$1,000 to $1,999 |
196 |
1,862 |
14,210 |
0 |
16,268 |
$2,000 to $2,999 |
169 |
2,160 |
17,113 |
0 |
19,442 |
$3,000 to $3,999 |
167 |
2,253 |
19,984 |
0 |
22,404 |
$4,000 to $4,999 |
169 |
2,466 |
22,830 |
0 |
25,465 |
$5,000 to $5,999 |
175 |
2,486 |
25,611 |
0 |
28,272 |
$6,000 to $6,999 |
202 |
2,565 |
28,161 |
0 |
30,928 |
$7,000 to $7,999 |
202 |
2,504 |
30,347 |
0 |
33,053 |
$8,000 to $8,999 |
171 |
2,584 |
32,848 |
0 |
35,603 |
$9,000 to $9,999 |
197 |
2,559 |
34,901 |
0 |
37,657 |
$10,000 to $10,999 |
195 |
2,573 |
38,229 |
0 |
40,997 |
$11,000 to $11,999 |
203 |
2,361 |
40,417 |
0 |
42,981 |
$12,000 to $12,999 |
211 |
2,336 |
42,802 |
0 |
45,349 |
$13,000 to $13,999 |
211 |
2,379 |
45,610 |
0 |
48,200 |
$14,000 to $14,999 |
248 |
2,310 |
47,747 |
0 |
50,305 |
$15,000 to $15,999 |
253 |
2,324 |
51,308 |
0 |
53,885 |
$16,000 to $16,999 |
246 |
2,276 |
54,564 |
0 |
57,086 |
$17,000 to $17,999 |
266 |
2,372 |
59,208 |
0 |
61,846 |
$18,000 to $18,999 |
318 |
2,653 |
64,586 |
0 |
67,557 |
$19,000 to $19,999 |
326 |
2,658 |
68,150 |
0 |
71,134 |
$20,000 to $20,999 |
408 |
2,916 |
71,933 |
0 |
75,257 |
$21,000 to $21,999 |
428 |
2,930 |
74,714 |
0 |
78,072 |
$22,000 to $22,999 |
402 |
3,454 |
79,276 |
0 |
83,132 |
$23,000 to $23,999 |
305 |
3,926 |
88,768 |
0 |
92,999 |
$24,000 to $24,999 |
348 |
3,785 |
83,107 |
0 |
87,240 |
$25,000 to $25,999 |
316 |
3,942 |
87,360 |
0 |
91,618 |
$26,000 to $26,999 |
324 |
3,774 |
87,023 |
0 |
91,121 |
$27,000 to $27,999 |
325 |
3,593 |
87,924 |
0 |
91,842 |
$28,000 to $28,999 |
333 |
3,652 |
89,057 |
0 |
93,042 |
$29,000 to $29,999 |
334 |
3,839 |
90,104 |
0 |
94,277 |
$30,000 to $30,999 |
371 |
3,845 |
90,206 |
0 |
94,422 |
$31,000 to $31,999 |
363 |
3,855 |
91,328 |
0 |
95,546 |
$32,000 to $32,999 |
415 |
3,924 |
90,861 |
0 |
95,200 |
$33,000 to $33,999 |
521 |
3,877 |
92,181 |
0 |
96,579 |
$34,000 to $34,999 |
574 |
4,118 |
93,047 |
0 |
97,739 |
$35,000 to $35,999 |
713 |
4,326 |
93,294 |
0 |
98,333 |
$36,000 to $37,000 |
938 |
4,711 |
93,746 |
0 |
99,395 |
Total |
22,977 |
404,073 |
2,245,707 |
1 |
2,672,758 |
Notes:
- The high volume of beneficiaries with an adjusted taxable income of between $0-$999 relates to the ATO's processing of non-lodger low income superannuation tax offset entitlements for prior years.