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  • Annual reports – Super co-contributions

    1 July 2018 to 30 June 2019

    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 2018 to 30 June 2019.

    The total number of recipients of government co-contributions entitlements made under section 6 of the Act during the financial year
    (paragraph 21A(2)(a) of the regulations)

    376,398

    Recipients in relation to the financial year 2017–18

    329,515

    Recipients in relation to the financial year 2016–17

    29,938

    Recipients in relation to the financial year 2015–16 and earlier years

    16,945

     

    The total amount of government co-contributions made under section 6 of the Act during the financial year
    (paragraph 21A(2)(b) of the regulations)

    $120,996,000

    Entitlements in relation to the financial year 2017–18

    $104,332,000

    Entitlements in relation to the financial year 2016–17

    $9,855,000

    Entitlements in relation to the financial year 2015–16 and earlier years

    $6,809,000

     

    The total amount of government co-contributions recovered during the financial year as overpaid amounts under section 24 of the Act
    (paragraph 21A(2)(c) of the regulations)

    $1,982,000

    The number of beneficiaries of a government co-contribution for the financial year whose total income that was used to determine the amount of their government co-contribution fell within each of the following ranges
    (paragraph 54(2)(c) of the Act)

    Recipient total income range

    2015–16 and earlier

    2016–17

    2017–18

    Total

    Under $0

    202

    499

    1,934

    2,635

    $0 to $999

    173

    273

    1,600

    2,046

    $1,000 to $1,999

    200

    272

    1,416

    1,888

    $2,000 to $2,999

    195

    225

    1,596

    2,016

    $3,000 to $3,999

    209

    248

    1,697

    2,154

    $4,000 to $4,999

    202

    256

    1,886

    2,344

    $5,000 to $5,999

    200

    328

    2,231

    2,759

    $6,000 to $6,999

    224

    305

    2,232

    2,761

    $7,000 to $7,999

    211

    289

    2,359

    2,859

    $8,000 to $8,999

    225

    305

    2,501

    3.031

    $9,000 to $9,999

    218

    316

    2,604

    3,138

    $10,000 to $10,999

    215

    355

    3,020

    3,590

    $11,000 to $11,999

    242

    345

    2,983

    3,570

    $12,000 to $12,999

    242

    376

    3,515

    4,133

    $13,000 to $13,999

    238

    357

    3,514

    4,109

    $14,000 to $14,999

    274

    376

    3,766

    4,416

    $15,000 to $15,999

    261

    427

    4,331

    5,019

    $16,000 to $16,999

    287

    453

    4,438

    5,178

    $17,000 to $17,999

    277

    490

    4,907

    5,674

    $18,000 to $18,999

    348

    657

    5,650

    6,655

    $19,000 to $19,999

    324

    589

    5,849

    6,762

    $20,000 to $20,999

    458

    1,133

    8,149

    9,740

    $21,000 to $21,999

    326

    627

    6,466

    7,419

    $22,000 to $22,999

    331

    631

    6,379

    7,341

    $23,000 to $23,999

    298

    605

    6,623

    7,526

    $24,000 to $24,999

    322

    604

    6,658

    7,584

    $25,000 to $25,999

    326

    673

    6,756

    7,755

    $26,000 to $26,999

    342

    597

    7,207

    8,146

    $27,000 to $27,999

    312

    608

    7,077

    7,997

    $28,000 to $28,999

    327

    645

    7,297

    8,269

    $29,000 to $29,999

    271

    602

    7,354

    8,227

    $30,000 to $30,999

    323

    696

    7,743

    8,762

    $31,000 to $31,999

    312

    621

    7,738

    8,671

    $32,000 to $32,999

    292

    628

    7,909

    8,829

    $33,000 to $33,999

    322

    634

    8,246

    9,202

    $34,000 to $34,999

    338

    651

    8,125

    9,114

    $35,000 to $35,999

    387

    728

    8,533

    9,648

    $36,000 to $36,999

    410

    764

    8,989

    10,163

    $37,000 to $37,999

    397

    907

    9,736

    11,040

    $38,000 to $38,999

    360

    717

    9,027

    10,104

    $39,000 to $39,999

    362

    721

    9,011

    10,094

    $40,000 to $40,999

    386

    818

    9,663

    10,867

    $41,000 to $41,999

    374

    763

    9,288

    10,425

    $42,000 to $42,999

    384

    739

    9,544

    10,667

    $43,000 to $43,999

    380

    740

    9,342

    10,462

    $44,000 to $44,999

    388

    759

    9,478

    10,625

    $45,000 to $45,999

    418

    785

    9,500

    10,703

    $46,000 to $46,999

    401

    755

    9,128

    10,284

    $47,000 to $47,999

    386

    719

    9,250

    10,355

    $48,000 to $48,999

    368

    693

    9,080

    10,141

    $49,000 to $49,999

    317

    745

    9,248

    10,310

    $50,000 to $50,999

    211

    869

    9,377

    10,457

    $51,000 to $51,999

    99

    20

    7,565

    7,684

    $52,000 to $52,999

    138

     

     

    138

    $53,000 to $53,999

    106

     

     

    106

    $54,000 to $54,999

    115

     

     

    115

    $55,000 to $55,999

    120

     

     

    120

    $56,000 to $56,999

    123

     

     

    123

    $57,000 to $57,999

    119

     

     

    119

    $58,000 to $58,999

    101

     

     

    101

    $59,000 to $59,999

    92

     

     

    92

    $60,000 to $60,999

    73

     

     

    73

    $61,000 to $61,999

    63

     

     

    63

    Total

    16,945

    29,938

    329,515

    376,398

    The number of spouses of a beneficiary of a government co-contribution for the financial year whose taxable income fell within each of the following ranges: (paragraph 54(2)(d) of the Act)

    Spouse taxable income range

    2015–16 and earlier

    2016–17

    2017–18

    Total

    Under $0

    103

    338

    1,753

    2,194

    $0 to $4,999

    284

    891

    7,810

    8,985

    $5,000 to $9,999

    192

    699

    5,843

    6,734

    $10,000 to $14,999

    245

    765

    7,111

    8,121

    $15,000 to $19,999

    312

    1,054

    8,794

    10,160

    $20,000 to $24,999

    410

    1,515

    10,861

    12,786

    $25,000 to $29,999

    284

    1,080

    9,341

    10,705

    $30,000 to $34,999

    286

    1,037

    9,048

    10,371

    $35,000 to $39,999

    346

    1,306

    10,156

    11,808

    $40,000 to $44,999

    296

    973

    9,313

    10,582

    $45,000 to $49,999

    244

    799

    8,905

    9,948

    $50,000 to $54,999

    230

    713

    8,582

    9,525

    $55,000 to $59,999

    177

    658

    8,144

    8,979

    $60,000 to $64,999

    194

    599

    7,530

    8,323

    $65,000 to $69,999

    176

    539

    7,008

    7,723

    $70,000 to $74,999

    159

    507

    6,945

    7,611

    $75,000 to $79,999

    190

    561

    6,560

    7,311

    $80,000 to $84,999

    143

    454

    6,361

    6,958

    $85,000 to $89,999

    147

    443

    6,037

    6,627

    $90,000 to $94,999

    119

    426

    5,438

    5,983

    $95,000 to $99,999

    101

    390

    4,915

    5,406

    $100,000 and above

    1,233

    4,587

    47,156

    52,976

    Total

    5,871

    20,334

    203,611

    229,816

     

    The total number of beneficiaries of government co-contributions for the financial year who the Commissioner was not satisfied had a spouse at the end of the financial year
    (paragraph 54(2)(e) of the Act)

    121,386

    Beneficiaries in relation to the financial year 2017–18

    103,129

    Beneficiaries in relation to the financial year 2016–17

    8,059

    Beneficiaries in relation to the financial year 2015–16 and earlier years

    10,198

     

    The total number of spouses of a beneficiary of a government co-contribution for the financial year whose taxable income was not able to be determined by the Commissioner
    (paragraph 54(2)(f) of the Act)

    25,194

    Entitlements in relation to the financial year 2017–18

    22,773

    Entitlements in relation to the financial year 2016–17

    1,545

    Entitlements in relation to the financial year 2015–16 and earlier years

    876

    NOTES:

    1. Where a recipient receives government co-contributions relating to different financial years the recipient is reported once for each financial year.
    2. Where a government co-contribution represents an additional entitlement for a recipient in respect of a financial year, that recipient is not reported again.
    3. Both the total and component amounts of government co-contributions determined and the total amount recovered are rounded up to the next whole $1,000. This rounding can result in the total amount being different to the sum of the components.
    4. The total amount recovered includes amounts repaid to the Commissioner and amounts (new entitlements) offset against unrecovered overpayments (that is, reduced entitlements for a different year). A reduced entitlement, and thus the need to recover amounts, can result from an amendment to an individual’s income tax assessment or a change to the superannuation contributions reported for that individual.
    5. This report includes determinations of entitlements made during the financial year from 1 July 2018 to 30 June 2019 in respect of the last two financial years and the total of the 2015–16 and earlier years. A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
    6. In relation to the number of recipients of a super co-contribution within the prescribed income ranges there are some income ranges with no identified recipients. This is for one of two reasons:
      1. The expansion of the co-contribution scheme to the self-employed from 1 July 2007, whereby total income would be reduced by business expenses when determining entitlement.
      2. The indexation of the income thresholds, commencing with the 2007 year of entitlement.
      Last modified: 06 Sep 2019QC 25777