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  • Annual reports – Government co-contributions

    1 July 2021 to 30 June 2022

    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 2021 to 30 June 2022.

    The total number of beneficiaries of government co-contributions

    385,042

    The total amount of government co-contributions made

    $119,605,000

    The total amount of government co-contributions recovered

    $1,268,000

    Notes:

    This report includes entitlements determined during the 1 July 2021 to 30 June 2022 financial year.

    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 2018-19 and Earlier

    Beneficiaries determined in 2019-20

    Beneficiaries determined in 2020–21

    Beneficiaries determined in 2020–21

    Under $0

    149

    536

    2,284

    2,969

    $0 to $999

    249

    341

    2,151

    2,741

    $1,000 to $1,999

    216

    238

    1,636

    2,090

    $2,000 to $2,999

    187

    205

    1,624

    2,016

    $3,000 to $3,999

    207

    223

    1,723

    2,153

    $4,000 to $4,999

    174

    215

    1,748

    2,137

    $5,000 to $5,999

    217

    239

    2,003

    2,459

    $6,000 to $6,999

    175

    263

    1,965

    2,403

    $7,000 to $7,999

    182

    237

    2,073

    2,492

    $8,000 to $8,999

    190

    225

    2,056

    2,471

    $9,000 to $9,999

    181

    286

    2,343

    2,810

    $10,000 to $10,999

    193

    319

    2,536

    3,048

    $11,000 to $11,999

    178

    278

    2,615

    3,071

    $12,000 to $12,999

    184

    291

    2,595

    3,070

    $13,000 to $13,999

    186

    300

    2,983

    3,469

    $14,000 to $14,999

    182

    329

    3,016

    3,527

    $15,000 to $15,999

    242

    344

    3,333

    3,919

    $16,000 to $16,999

    245

    374

    3,486

    4,105

    $17,000 to $17,999

    219

    382

    3,825

    4,426

    $18,000 to $18,999

    253

    450

    4,484

    5,187

    $19,000 to $19,999

    198

    458

    4,572

    5,228

    $20,000 to $20,999

    338

    615

    5,499

    6,452

    $21,000 to $21,999

    276

    638

    5,474

    6,388

    $22,000 to $22,999

    247

    584

    6,394

    7,225

    $23,000 to $23,999

    245

    516

    6,889

    7,650

    $24,000 to $24,999

    264

    485

    6,695

    7,444

    $25,000 to $25,999

    262

    482

    6,896

    7,640

    $26,000 to $26,999

    230

    506

    7,010

    7,746

    $27,000 to $27,999

    230

    501

    7,269

    8,000

    $28,000 to $28,999

    233

    503

    7,273

    8,009

    $29,000 to $29,999

    229

    556

    7,723

    8,508

    $30,000 to $30,999

    249

    561

    8,109

    8,919

    $31,000 to $31,999

    250

    531

    8,033

    8,814

    $32,000 to $32,999

    262

    513

    8,148

    8,923

    $33,000 to $33,999

    226

    488

    8,383

    9,097

    $34,000 to $34,999

    255

    518

    8,562

    9,335

    $35,000 to $35,999

    286

    588

    8,735

    9,609

    $36,000 to $36,999

    280

    598

    8,617

    9,495

    $37,000 to $37,999

    336

    632

    8,874

    9,842

    $38,000 to $38,999

    286

    553

    9,000

    9,839

    $39,000 to $39,999

    275

    585

    9,341

    10,201

    $40,000 to $40,999

    296

    649

    9,306

    10,251

    $41,000 to $41,999

    283

    546

    9,283

    10,112

    $42,000 to $42,999

    314

    578

    9,459

    10,351

    $43,000 to $43,999

    273

    510

    9,173

    9,956

    $44,000 to $44,999

    294

    561

    9,483

    10,338

    $45,000 to $45,999

    299

    570

    10,216

    11,085

    $46,000 to $46,999

    279

    544

    9,677

    10,500

    $47,000 to $47,999

    291

    556

    9,498

    10,345

    $48,000 to $48,999

    273

    574

    9,364

    10,211

    $49,000 to $49,999

    302

    559

    9,175

    10,036

    $50,000 to $50,999

    266

    634

    9,283

    10,183

    $51,000 to $51,999

    199

    538

    8,893

    9,630

    $52,000 to $52,999

    154

    583

    9,313

    10,050

    $53,000 to $53,999

    63

    303

    8,976

    9,342

    $54,000 to $54,999

    86

     

    7,244

    7,330

    $55,000 to $55,999

    91

     

     

    91

    $56,000 to $56,999

    66

     

     

    66

    $57,000 to $57,999

    86

     

     

    86

    $58,000 to $58,999

    54

     

     

    54

    $59,000 to $59,999

    34

     

     

    34

    $60,000 to $60,999

    40

     

     

    40

    $61,000 to $61,999

    24

     

     

    24

    Total

    13,533

    25,191

    346,318

    385,042

    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 2018-19 and Earlier

    Number of spouses determined 2019–20

    Number of spouses determined 2020–21

    Number of spouses determined 2021–22

    Under $0

    87

    307

    1,531

    1,925

    $0 to $4,999

    216

    661

    7,137

    8,014

    $5,000 to $9,999

    137

    405

    4,151

    4,693

    $10,000 to $14,999

    174

    496

    5,055

    5,725

    $15,000 to $19,999

    224

    643

    6,865

    7,732

    $20,000 to $24,999

    302

    981

    9,224

    10,507

    $25,000 to $29,999

    223

    774

    8,524

    9,521

    $30,000 to $34,999

    258

    725

    8,555

    9,538

    $35,000 to $39,999

    277

    840

    8,662

    9,779

    $40,000 to $44,999

    245

    671

    8,774

    9,690

    $45,000 to $49,999

    214

    604

    9,115

    9,933

    $50,000 to $54,999

    184

    539

    8,380

    9,103

    $55,000 to $59,999

    181

    467

    7,802

    8,450

    $60,000 to $64,999

    156

    497

    7,389

    8,042

    $65,000 to $69,999

    173

    398

    6,987

    7,558

    $70,000 to $74,999

    139

    408

    6,605

    7,152

    $75,000 to $79,999

    147

    405

    6,462

    7,014

    $80,000 to $84,999

    125

    404

    6,048

    6,577

    $85,000 to $89,999

    119

    322

    5,541

    5,982

    $90,000 to $94,999

    103

    336

    5,558

    5,997

    $95,000 to $99,999

    81

    318

    4,952

    5,351

    $100,000 and above

    1,135

    4,132

    56,405

    61,672

    Total

    4,900

    15,333

    199,722

    219,955

     

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

    145,364

     

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

    19,723

      Last modified: 06 Oct 2022QC 25777