Annual reports – Government co-contributions

1 July 2022 to 30 June 2023

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 2022 to 30 June 2023.

The total number of beneficiaries of government co-contributions	412,563
The total amount of government co-contributions made	$129,856,000
The total amount of government co-contributions recovered	$1,432,000

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 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 relating to 2019-20 and Earlier	Beneficiaries relating to 2020-21	Beneficiaries relating to 2021-22	Beneficiaries determined in 2022-23
Under $0	170	392	2,881	3,443
$0 to $999	225	338	3,200	3,763
$1,000 to $1,999	224	235	2,294	2,753
$2,000 to $2,999	188	188	2,340	2,716
$3,000 to $3,999	189	206	2,387	2,782
$4,000 to $4,999	185	230	2,596	3,011
$5,000 to $5,999	212	238	2,858	3,308
$6,000 to $6,999	191	215	2,796	3,202
$7,000 to $7,999	159	240	2,956	3,355
$8,000 to $8,999	188	196	3,207	3,591
$9,000 to $9,999	178	209	3,239	3,626
$10,000 to $10,999	165	220	3,504	3,889
$11,000 to $11,999	184	221	3,742	4,147
$12,000 to $12,999	199	241	3,937	4,377
$13,000 to $13,999	207	244	4,056	4,507
$14,000 to $14,999	199	259	4,318	4,776
$15,000 to $15,999	226	296	4,581	5,103
$16,000 to $16,999	204	267	4,791	5,262
$17,000 to $17,999	233	315	5,117	5,665
$18,000 to $18,999	284	390	5,752	6,426
$19,000 to $19,999	256	382	5,693	6,331
$20,000 to $20,999	359	531	6,626	7,516
$21,000 to $21,999	283	492	6,539	7,314
$22,000 to $22,999	303	528	6,780	7,611
$23,000 to $23,999	220	586	7,456	8,262
$24,000 to $24,999	306	555	6,887	7,748
$25,000 to $25,999	281	576	7,280	8,137
$26,000 to $26,999	308	580	7,220	8,108
$27,000 to $27,999	281	561	7,170	8,012
$28,000 to $28,999	290	590	7,357	8,237
$29,000 to $29,999	341	575	7,300	8,216
$30,000 to $30,999	301	643	7,641	8,585
$31,000 to $31,999	317	690	7,625	8,632
$32,000 to $32,999	371	664	7,542	8,577
$33,000 to $33,999	360	626	7,696	8,682
$34,000 to $34,999	339	625	7,702	8,666
$35,000 to $35,999	406	656	7,816	8,878
$36,000 to $36,999	396	645	8,151	9,192
$37,000 to $37,999	425	709	8,027	9,161
$38,000 to $38,999	429	676	8,283	9,388
$39,000 to $39,999	432	767	8,279	9,478
$40,000 to $40,999	491	731	8,465	9,687
$41,000 to $41,999	459	754	8,246	9,459
$42,000 to $42,999	456	768	8,502	9,726
$43,000 to $43,999	487	749	8,635	9,871
$44,000 to $44,999	514	785	8,866	10,165
$45,000 to $45,999	510	927	9,707	11,144
$46,000 to $46,999	585	775	8,864	10,224
$47,000 to $47,999	473	775	8,959	10,207
$48,000 to $48,999	542	833	8,771	10,146
$49,000 to $49,999	536	793	8,699	10,028
$50,000 to $50,999	549	881	8,687	10,117
$51,000 to $51,999	510	755	8,495	9,760
$52,000 to $52,999	443	824	8,377	9,644
$53,000 to $53,999	203	766	8,622	9,591
$54,000 to $54,999	54	627	8,207	8,888
$55,000 to $55,999	54	0	8,316	8,370
$56,000 to $56,999	42	0	945	987
$57,000 to $57,999	31	0	0	31
$58,000 to $58,999	30	0	0	30
$59,000 to $59,999	23	0	0	23
$60,000 to $60,999	17	0	0	17
$61,000 to $61,999	15	0	0	15
Total	18,038	29,540	364,985	412,563

Notes:

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 2019-20 and Earlier	Number of spouses determined 2020-21	Number of spouses determined 2021-22	Number of spouses determined 2022-23
Under $0	84	240	1,495	1,819
$0 to $4,999	350	646	8,437	9,433
$5,000 to $9,999	196	363	5,161	5,720
$10,000 to $14,999	225	414	6,417	7,056
$15,000 to $19,999	266	622	7,334	8,222
$20,000 to $24,999	362	988	8,694	10,044
$25,000 to $29,999	289	791	7,917	8,997
$30,000 to $34,999	252	806	7,591	8,649
$35,000 to $39,999	336	837	7,480	8,653
$40,000 to $44,999	277	856	7,909	9,042
$45,000 to $49,999	279	816	8,494	9,589
$50,000 to $54,999	262	716	7,762	8,740
$55,000 to $59,999	229	640	7,563	8,432
$60,000 to $64,999	271	569	7,105	7,945
$65,000 to $69,999	261	494	6,911	7,666
$70,000 to $74,999	250	456	6,603	7,309
$75,000 to $79,999	254	462	6,350	7,066
$80,000 to $84,999	212	438	6,099	6,749
$85,000 to $89,999	194	397	5,736	6,327
$90,000 to $94,999	223	409	5,629	6,261
$95,000 to $99,999	216	404	5,261	5,881
$100,000 and above	2,589	5,438	62,518	70,545
Total	7,877	17,802	204,466	230,145

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

161,643

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

20,775

Last modified: 05 Sep 2023QC 25777