Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026 (8 of 2026)
Schedule 4 Low income tax offset
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
3 After subsection 12E(3)
Insert:
(3A) For the purposes of paragraph (2)(b) the amount for an income year is the amount worked out using the formula:
where:
eligibility threshold amount for income year means the dollar amount mentioned in item 1 of the table for that income year in Part I of Schedule 7 to the Income Tax Rates Act 1986.
charge percentage has the same meaning as in subsection 17A(2) of the Superannuation Guarantee (Administration) Act 1992.
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