Superannuation (Government Co-Contribution for Low Income Earners) Act 2003
PART 2
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GOVERNMENT CO-CONTRIBUTION IN RESPECT OF LOW INCOME EARNERS
Division 2
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Amount of the Government co-contribution
SECTION 9
BASIC RULE
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GOVERNMENT CO-CONTRIBUTION MATCHES PERSONAL CONTRIBUTIONS
9(1)
[Amount]
(a) for the 2003-04 income year - an amount equal to the sum of the eligible personal superannuation contributions the person makes during the income year; and
(b) for the 2004-05 income year, the 2005-06 income year, the 2006-07 income year, the 2007-08 income year or the 2008-09 income year - an amount equal to 150% of the sum of the eligible personal superannuation contributions the person makes during the income year; and
(c) for the 2009-10, 2010-11 and 2011-12 income years - an amount equal to the sum of the eligible personal superannuation contributions the person makes during the income year; and
(d) for the 2012-13 income year or a later income year - an amount equal to 50 % of the sum of the eligible personal superannuation contributions the person makes during the income year.
(e) (Repealed by No 90 of 2010)
The amount of the Government co-contribution in respect of a person for an income year is:
(a) for the 2003-04 income year - an amount equal to the sum of the eligible personal superannuation contributions the person makes during the income year; and
(b) for the 2004-05 income year, the 2005-06 income year, the 2006-07 income year, the 2007-08 income year or the 2008-09 income year - an amount equal to 150% of the sum of the eligible personal superannuation contributions the person makes during the income year; and
(c) for the 2009-10, 2010-11 and 2011-12 income years - an amount equal to the sum of the eligible personal superannuation contributions the person makes during the income year; and
(d) for the 2012-13 income year or a later income year - an amount equal to 50 % of the sum of the eligible personal superannuation contributions the person makes during the income year.
(e) (Repealed by No 90 of 2010)
9(2)
[Effect]
Subsection (1) has effect subject to sections 10 , 10A , 11 , 12 , 21 , 22 and 23 .