1 July 2016 to 30 June 2017

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 2016 to 30 June 2017.

Total number of beneficiaries of super co-contribution entitlements made during the financial year (paragraph 21A(2)(a) of the regulations)	451,137
Beneficiaries in relation to the financial year 2015–16	407,511
Beneficiaries in relation to the financial year 2014–15	24,855
Beneficiaries in relation to the financial year 2013–14	18,771

Total amount of super co-contribution entitlements made during the financial year (paragraph 21A(2)(b) of the regulations)	$142,835,000
Entitlements in relation to the financial year 2015–16	$126,402,000
Entitlements in relation to the financial year 2014–15	$7,776,000
Entitlements in relation to the financial year 2013–14	$8,657,000

Total of super co-contribution amounts recovered during the financial year
(paragraph 21A(2)(c) of the regulations)

$1,232,365

Number of beneficiaries of a super co-contribution within each of the following prescribed total income ranges – subregulation 21A(3).
Recipient total income range	2013–14 and earlier	2014–15	2015–16	Total
Under $0	232	462	2,777	3,471
$0 to $999	177	235	2,252	2,664
$1,000 to $1,999	155	213	1,942	2,310
$2,000 to $2,999	154	217	2,032	2,403
$3,000 to $3,999	157	211	2,344	2,712
$4,000 to $4,999	172	240	2,495	2,907
$5,000 to $5,999	212	310	3,199	3,721
$6,000 to $6,999	196	276	2,919	3,391
$7,000 to $7,999	199	282	3,051	3,532
$8,000 to $8,999	220	287	3,251	3,758
$9,000 to $9,999	254	287	3,360	3,901
$10,000 to $10,999	239	347	3,899	4,485
$11,000 to $11,999	220	293	3,905	4,418
$12,000 to $12,999	223	342	4,167	4,732
$13,000 to $13,999	251	354	4,524	5,129
$14,000 to $14,999	234	351	4,856	5,441
$15,000 to $15,999	342	396	5,400	6,138
$16,000 to $16,999	317	388	5,658	6,363
$17,000 to $17,999	301	456	6,339	7,096
$18,000 to $18,999	343	587	7,342	8,272
$19,000 to $19,999	323	547	7,484	8,354
$20,000 to $20,999	393	879	10,014	11,286
$21,000 to $21,999	295	578	8,255	9,128
$22,000 to $22,999	283	523	8,246	9,052
$23,000 to $23,999	318	530	8,321	9,169
$24,000 to $24,999	295	556	8,409	9,260
$25,000 to $25,999	308	563	8,859	9,730
$26,000 to $26,999	345	555	9,036	9,936
$27,000 to $27,999	282	534	9,067	9,883
$28,000 to $28,999	350	552	9,300	10,202
$29,000 to $29,999	309	538	9,361	10,208
$30,000 to $30,999	307	567	10,026	10,900
$31,000 to $31,999	346	503	9,821	10,670
$32,000 to $32,999	334	543	10,178	11,055
$33,000 to $33,999	344	534	10,425	11,303
$34,000 to $34,999	293	564	10,674	11,531
$35,000 to $35,999	358	596	11,342	12,296
$36,000 to $36,999	401	644	11,363	12,408
$37,000 to $37,999	400	736	12,471	13,607
$38,000 to $38,999	375	617	11,830	12,822
$39,000 to $39,999	387	629	11,860	12,876
$40,000 to $40,999	398	649	12,214	13,261
$41,000 to $41,999	410	662	11,891	12,963
$42,000 to $42,999	437	590	12,025	13,052
$43,000 to $43,999	393	625	11,869	12,887
$44,000 to $44,999	419	609	11,565	12,593
$45,000 to $45,999	450	660	12,084	13,194
$46,000 to $46,999	436	647	11,868	12,951
$47,000 to $47,999	367	643	12,272	13,282
$48,000 to $48,999	327	625	11846	12,798
$49,000 to $49,999	249	323	12,074	12,646
$50,000 to $50,999	279	0	5,749	6,028
$51,000 to $51,999	282	0	0	282
$52,000 to $52,999	304	0	0	304
$53,000 to $53,999	288	0	0	288
$54,000 to $54,999	305	0	0	305
$55,000 to $55,999	294	0	0	294
$56,000 to $56,999	308	0	0	308
$57,000 to $57,999	318	0	0	318
$58,000 to $58,999	267	0	0	267
$59,000 to $59,999	248	0	0	248
$60,000 to $60,999	197	0	0	197
$61,000 to $61,999	151	0	0	151
Total	18,771	24,855	407,511	451,137

Number of spouses of super co-contribution beneficiaries with taxable income within each of the following prescribed income ranges for the financial year to which the entitlement relates – subregulation 21A(4)
Spouse taxable income range	2012–13 and earlier	2013–14	2014–15	2015–16	Total
Under $0	55	41	289	2,213	2,598
$0 to $4,999	117	128	678	8,908	9,831
$5,000 to $9,999	81	81	519	7,578	8,259
$10,000 to $14,999	111	89	558	9,386	10,144
$15,000 to $19,999	148	152	838	11,567	12,705
$20,000 to $24,999	161	174	1,170	14,225	15,730
$25,000 to $29,999	128	136	876	12,084	13,224
$30,000 to $34,999	140	128	818	11,956	13,042
$35,000 to $39,999	147	144	940	13,476	14,707
$40,000 to $44,999	127	122	706	12,558	13,513
$45,000 to $49,999	98	105	645	11,842	12,690
$50,000 to $54,999	103	86	608	11,204	12,001
$55,000 to $59,999	82	71	508	10,266	10,927
$60,000 to $64,999	80	72	430	9,575	10,157
$65,000 to $69,999	71	57	410	9,198	9,736
$70,000 to $74,999	57	67	369	8,683	9,176
$75,000 to $79,999	73	58	416	8,263	8,810
$80,000 to $84,999	57	64	372	7,937	8,430
$85,000 to $89,999	43	48	318	6,935	7,344
$90,000 to $94,999	48	61	310	6,530	6,949
$95,000 to $99,999	33	42	301	5,786	6,162
$100,000 to $149,999	215	291	1,624	31,813	33,943
$150,000 to $199,999	71	128	705	10,910	11,814
$200,000 to $249,999	38	45	318	4,305	4,706
$250,000 to $299,999	19	27	171	1,992	2,209
$300,000 to $349,999	13	13	106	1,050	1,182
$350,000 to $399,999	7	10	62	701	780
$400,000 to $449,999	1	7	61	473	542
$450,000 to $499,999	6	7	28	320	361
$500,000 to $549,999	1	0	22	230	253
$550,000 to $599,999	2	3	13	160	178
$600,000 to $649,999	1	1	14	106	122
$650,000 to $699,999	0	1	7	92	100
$700,000 to $749,999	0	3	10	63	76
$750,000 to $799,999	0	0	7	70	77
$800,000 to $849,999	0	1	6	48	55
$850,000 to $899,999	0	0	2	42	44
$900,000 to $949,999	0	0	2	26	28
$950,000 to $999,999	0	1	2	24	27
$1,000,000 to $1,999,999	1	4	24	173	202
$2,000,000 to $2,999,999	0	0	3	30	33
$3,000,000 to $3,999,999	0	0	3	14	17
$4,000,000 to $4,999,999	0	0	0	2	2
$5,000,000 to $5,999,999	0	0	0	2	2
$6,000,000 to $6,999,999	0	0	0	1	1
$8,000,000 to $8,999,999	0	0	0	1	1
$9,000,000 to $9,999,999	0	0	0	1	1
$10,000,000 and above	0	0	0	1	1
Total	2,335	2,468	15,269	252,820	272,892

Total number of beneficiaries of super co-contributions who the Commissioner was not satisfied had a spouse at the end of the financial year (paragraph 54(2)(e) of the Act)	150,184
Beneficiaries in relation to the financial year 2015–16	128,675
Beneficiaries in relation to the financial year 2014–15	8,267
Beneficiaries in relation to the financial year 2013–14	2,609
Beneficiaries in relation to the financial year 2012–13 and earlier years	10,633

The total number of spouses of super co-contribution beneficiaries whose taxable income was not able to be determined by the Commissioner (paragraph 54(2)(f) of the Act)	28,060
Entitlements in relation to the financial year 2015–16	26,015
Entitlements in relation to the financial year 2014–15	1,319
Entitlements in relation to the financial year 2013–14	333
Entitlements in relation to the financial year 2012–13 and earlier years	393

Notes:

A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
Where a beneficiary receives super co-contribution entitlements relating to different financial years the beneficiary is reported once for each financial year.
Where a super co-contribution entitlement represents an additional entitlement for a beneficiary in respect of the same financial year, that beneficiary is not reported again.
The total of amounts 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.
Both the total amount of super co-contribution entitlements made and recovered by the Commissioner is rounded up to the next whole $1,000.
Reconciliation of the annual and quarterly reports:
1. The total number of beneficiaries and amounts of a super co-contribution made during the financial year is less than the sum of the quarterly reports. This is due to beneficiaries who were reported in a quarterly period, later being determined as ineligible and consequently not reported as a beneficiary for the whole financial year. Entitlements are also rounded up to the next whole $1,000.
2. The total amount of super co-contributions recovered during the financial year is equal to the sum of the quarterly reports.
In relation to the number of beneficiaries of a super co-contribution within the prescribed income ranges there are some income ranges with no identified beneficiaries. 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.