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  • Annual reports – Government co-contributions

    1 July 2020 to 30 June 2021

    Report from the Commissioner of Taxation under subsection 54(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 2020 to 30 June 2021.

    The total number of beneficiaries of government co-contributions

    391,812

    The total amount of government co-contributions made

    $121,820,000

    The total amount of government co-contributions recovered

    $1,334,000

    Notes:

    1. A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
    2. Each beneficiary is only counted once regardless of the number of entitlements received for the financial year.
    3. 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.
    4. Both the total amount of Government Co-contributions determined and the total amount recovered are rounded up to the next whole $1,000.
    The number of beneficiaries with total income for Government Co-Contribution purposes in each of the following total income ranges:

    Total Income Range

    Beneficiaries determined in 2020–21

    Under $0

    3,812

    $0 to $999

    2,793

    $1,000 to $1,999

    2,192

    $2,000 to $2,999

    2,291

    $3,000 to $3,999

    2,374

    $4,000 to $4,999

    2,449

    $5,000 to $5,999

    2,755

    $6,000 to $6,999

    2,762

    $7,000 to $7,999

    2,930

    $8,000 to $8,999

    3,108

    $9,000 to $9,999

    3,410

    $10,000 to $10,999

    3,759

    $11,000 to $11,999

    3,833

    $12,000 to $12,999

    4,009

    $13,000 to $13,999

    4,435

    $14,000 to $14,999

    4,647

    $15,000 to $15,999

    5,017

    $16,000 to $16,999

    5,165

    $17,000 to $17,999

    5,498

    $18,000 to $18,999

    6,366

    $19,000 to $19,999

    6,475

    $20,000 to $20,999

    7,838

    $21,000 to $21,999

    8,238

    $22,000 to $22,999

    8,059

    $23,000 to $23,999

    7,732

    $24,000 to $24,999

    7,710

    $25,000 to $25,999

    8,050

    $26,000 to $26,999

    7,938

    $27,000 to $27,999

    8,162

    $28,000 to $28,999

    8,338

    $29,000 to $29,999

    8,585

    $30,000 to $30,999

    8,915

    $31,000 to $31,999

    8,641

    $32,000 to $32,999

    8,944

    $33,000 to $33,999

    8,937

    $34,000 to $34,999

    8,991

    $35,000 to $35,999

    9,650

    $36,000 to $36,999

    10,015

    $37,000 to $37,999

    10,696

    $38,000 to $38,999

    9,851

    $39,000 to $39,999

    9,903

    $40,000 to $40,999

    10,394

    $41,000 to $41,999

    9,775

    $42,000 to $42,999

    10,015

    $43,000 to $43,999

    9,995

    $44,000 to $44,999

    10,099

    $45,000 to $45,999

    10,467

    $46,000 to $46,999

    10,351

    $47,000 to $47,999

    10,125

    $48,000 to $48,999

    9,945

    $49,000 to $49,999

    10,090

    $50,000 to $50,999

    10,258

    $51,000 to $51,999

    9,724

    $52,000 to $52,999

    9,477

    $53,000 to $53,999

    5,019

    $54,000 to $54,999

    135

    $55,000 to $55,999

    126

    $56,000 to $56,999

    125

    $57,000 to $57,999

    115

    $58,000 to $58,999

    83

    $59,000 to $59,999

    73

    $60,000 to $60,999

    83

    $61,000 to $61,999

    65

    Total

    391,812

    NOTES:

    1. The low number of beneficiaries in total income ranges above $52,999 are as a result of higher total income thresholds in prior years.
    The number of beneficiaries whose spouse's taxable income fell within each of the following ranges:

    Spouse Taxable Income Range

    Number of spouses determined 2020–21

    Under $0

    2,482

    $0 to $4,999

    8,669

    $5,000 to $9,999

    6,137

    $10,000 to $14,999

    7,237

    $15,000 to $19,999

    9,092

    $20,000 to $24,999

    11,557

    $25,000 to $29,999

    9,958

    $30,000 to $34,999

    9,842

    $35,000 to $39,999

    10,827

    $40,000 to $44,999

    9,748

    $45,000 to $49,999

    9,451

    $50,000 to $54,999

    9,243

    $55,000 to $59,999

    8,453

    $60,000 to $64,999

    8,358

    $65,000 to $69,999

    7,624

    $70,000 to $74,999

    7,237

    $75,000 to $79,999

    7,018

    $80,000 to $84,999

    6,823

    $85,000 to $89,999

    6,255

    $90,000 to $94,999

    6,114

    $95,000 to $99,999

    5,569

    $100,000 and above

    58,756

    Total

    226,450

     

    The number of beneficiaries who did not have a spouse at the end of the financial year

    144,702

     

    The number of beneficiaries whose spouse's taxable income was not able to be determined

    20,660

      Last modified: 01 Sep 2021QC 25777