1 July 2017 to 30 June 2018

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 2017 to 30 June 2018.

Total number of beneficiaries of super co-contribution entitlements made during the financial year (paragraph 21A(2)(a) of the regulations)	405,659
Beneficiaries in relation to the financial year 2016–17	363,934
Beneficiaries in relation to the financial year 2015–16	24,848
Beneficiaries in relation to the financial year 2014–15	16,877

Total amount of super co-contribution entitlements made during the financial year (paragraph 21A(2)(b) of the regulations)	$129,999,000
Entitlements in relation to the financial year 2016–17	$114,922,000
Entitlements in relation to the financial year 2015–16	$7,868,000
Entitlements in relation to the financial year 2014–15	$7,209,000

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

$7,015,000

Number of beneficiaries of a super co-contribution within each of the following prescribed total income ranges – subregulation 21A(3).
Recipient total income range	2014–15 and earlier	2015–16	2016–17	Total
Under $0	219	424	2,119	2,762
$0 to $999	164	239	1,673	2,076
$1,000 to $1,999	138	196	1,536	1,870
$2,000 to $2,999	195	227	1,705	2,127
$3,000 to $3,999	171	236	1,827	2,234
$4,000 to $4,999	183	228	2,150	2,561
$5,000 to $5,999	214	283	2,548	3,045
$6,000 to $6,999	254	273	2,388	2,915
$7,000 to $7,999	214	262	2,610	3,086
$8,000 to $8,999	180	291	2,791	3,262
$9,000 to $9,999	227	271	2,939	3,437
$10,000 to $10,999	232	297	3,281	3,810
$11,000 to $11,999	254	291	3,400	3,945
$12,000 to $12,999	258	302	3,731	4,291
$13,000 to $13,999	260	313	3,929	4,502
$14,000 to $14,999	249	348	4,215	4,812
$15,000 to $15,999	295	402	4,653	5,350
$16,000 to $16,999	278	388	4,950	5,616
$17,000 to $17,999	311	443	5,507	6,261
$18,000 to $18,999	328	573	6,402	7,303
$19,000 to $19,999	328	519	6,458	7,305
$20,000 to $20,999	425	884	8,774	10,083
$21,000 to $21,999	324	608	7,296	8,228
$22,000 to $22,999	302	522	7,210	8,034
$23,000 to $23,999	309	500	7,198	8,007
$24,000 to $24,999	310	513	7,260	8,083
$25,000 to $25,999	299	599	7,804	8,702
$26,000 to $26,999	296	534	7,932	8,762
$27,000 to $27,999	304	527	8,021	8,852
$28,000 to $28,999	326	575	8,403	9,304
$29,000 to $29,999	317	518	8,360	9,195
$30,000 to $30,999	329	558	8,948	9,835
$31,000 to $31,999	311	538	8,741	9,590
$32,000 to $32,999	340	560	9,039	9,939
$33,000 to $33,999	312	533	9,167	10,012
$34,000 to $34,999	323	501	9,454	10,278
$35,000 to $35,999	347	581	9,775	10,703
$36,000 to $36,999	354	661	10,089	11,104
$37,000 to $37,999	393	750	10,895	12,038
$38,000 to $38,999	335	622	10,432	11,389
$39,000 to $39,999	386	546	10,183	11,115
$40,000 to $40,999	371	569	10,726	11,666
$41,000 to $41,999	377	643	10,654	11,674
$42,000 to $42,999	430	602	10,409	11,441
$43,000 to $43,999	367	599	10,416	11,382
$44,000 to $44,999	371	596	10,619	11,586
$45,000 to $45,999	387	640	10,756	11,783
$46,000 to $46,999	428	613	10,483	11,524
$47,000 to $47,999	334	616	10,534	11,484
$48,000 to $48,999	333	594	10,668	11,595
$49,000 to $49,999	216	621	10,479	11,316
$50,000 to $50,999	165	318	10,698	11,181
$51,000 to $51,999	138	0	255	393
$52,000 to $52,999	154	0	26	180
$53,000 to $53,999	139	1	56	196
$54,000 to $54,999	147	0	40	187
$55,000 to $55,999	169	0	45	214
$56,000 to $56,999	157	0	54	211
$57,000 to $57,999	144	0	55	199
$58,000 to $58,999	132	0	63	195
$59,000 to $59,999	123	0	66	189
$60,000 to $60,999	118	0	78	196
$61,000 to $61,999	83	0	76	159
$62,000 to $62,999	0	0	70	70
$63,000 to $63,999	0	0	82	82
$64,000 to $64,999	0	0	80	80
$65,000 to $65,999	0	0	101	101
$66,000 to $66,999	0	0	67	67
$67,000 to $67,999	0	0	64	64
$68,000 to $68,999	0	0	56	56
$69,000 to $69,999	0	0	41	41
$70,000 and above	0	0	324	324
Total	16,877	24,848	363,934	405,659

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	2013–14 and earlier	2014–15	2015–16	2016–17	Total
Under $0	41	53	284	1,859	2,237
$0 to $4,999	91	136	649	8,647	9,523
$5,000 to $9,999	85	84	552	6,950	7,671
$10,000 to $14,999	114	89	634	8,409	9,246
$15,000 to $19,999	166	149	890	10,272	11,477
$20,000 to $24,999	172	208	1,189	12,797	14,366
$25,000 to $29,999	166	165	837	10,853	12,021
$30,000 to $34,999	144	125	783	10,735	11,787
$35,000 to $39,999	173	149	927	11,937	13,186
$40,000 to $44,999	152	127	745	11,039	12,063
$45,000 to $49,999	105	103	611	10,620	11,439
$50,000 to $54,999	94	91	529	9,901	10,615
$55,000 to $59,999	89	87	477	9,151	9,804
$60,000 to $64,999	60	93	414	8,485	9,052
$65,000 to $69,999	75	76	463	8,120	8,734
$70,000 to $74,999	69	66	369	7,719	8,223
$75,000 to $79,999	63	63	383	7,356	7,865
$80,000 to $84,999	75	91	382	6,858	7,406
$85,000 to $89,999	57	73	348	6,345	6,823
$90,000 to $94,999	63	59	333	5,828	6,283
$95,000 to $99,999	34	48	263	5,366	5,711
$100,000 to $149,999	265	325	1,656	28,975	31,221
$150,000 to $199,999	112	153	725	9,398	10,388
$200,000 to $249,999	29	66	317	3,639	4,051
$250,000 to $299,999	20	37	183	1,772	2,012
$300,000 to $349,999	13	17	109	922	1,061
$350,000 to $399,999	9	9	78	605	701
$400,000 to $449,999	4	5	50	394	453
$450,000 to $499,999	1	5	35	268	309
$500,000 to $549,999	0	3	26	178	207
$550,000 to $599,999	0	0	22	161	183
$600,000 to $649,999	1	2	15	99	117
$650,000 to $699,999	3	3	10	69	85
$700,000 to $749,999	1	2	10	52	65
$750,000 to $799,999	0	2	5	36	43
$800,000 to $849,999	0	2	5	26	33
$850,000 to $899,999	0	0	8	35	43
$900,000 to $949,999	0	2	5	22	29
$950,000 to $999,999	1	1	2	18	22
$1,000,000 to $1,999,999	2	4	15	112	133
$2,000,000 to $2,999,999	2	0	3	18	23
$3,000,000 to $3,999,999	0	0	0	5	5
$4,000,000 to $4,999,999	0	0	0	1	1
$6,000,000 to $6,999,999	0	0	0	1	1
$9,000,000 to $9,999,999	0	0	1	1	2
$10,000,000 and above	0	0	0	1	1
Total	2,551	2,773	15,342	226,055	246,721

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)	132,424
Beneficiaries in relation to the financial year 2016–17	113,507
Beneficiaries in relation to the financial year 2015–16	8,203
Beneficiaries in relation to the financial year 2014–15	2,716
Beneficiaries in relation to the financial year 2013–14 and earlier years	7,998

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)	26,511
Entitlements in relation to the financial year 2016–17	24,369
Entitlements in relation to the financial year 2015–16	1,303
Entitlements in relation to the financial year 2014–15	366
Entitlements in relation to the financial year 2013–14 and earlier years	473

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.