1 July 2018 to 30 June 2019

Report from the Commissioner of Taxation under subsection 12(G)(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:

The number of beneficiaries of a LISTO entitlement made under subsection 12C(1) of the Act during the financial year (paragraph 21B(2)(a) of the regulations)	2,383,945
The number of beneficiaries of a LISTO entitlement made under subsection 12C(2) of the Act during the financial year (estimated ATI) (paragraph 21B(1)(b) of the regulations)	0
The total number of beneficiaries of a LISTO made during the financial year (paragraph 21B(2)(c) of the regulations)	2,383,945

The amount of LISTO entitlements made under subsection 12C(1) of the Act during the financial year (paragraph 21B(2)(e) of the regulations)	$650,317,000
The amount of LISTO entitlements made under subsection 12C(2) of the Act during the financial year (Estimated ATI) (paragraph 21B(2)(f) of the regulations)	0
The total amount of LISTO entitlements made during the financial year (paragraph 21B(2)(g) of the regulations)	$650,317,000

The total amount of LISTO recovered during the financial year as overpaid amounts under section 24 of the Act
(paragraph 21B(2)(h) of the regulations)

$14,662,000

The number of beneficiaries with an adjusted taxable income, or estimated adjusted taxable Income, for the income year that corresponds to the financial year, in each of the following ranges:
(Paragraph 21B(2)(d) of the regulations)
Total adjusted taxable income range	2012–13	2013–14	2014–15	2015–16	2016–17	2017–18	Total
Under $0	1	1	5	5	25	295	332
$0 to $999	173	797	507	1,462	387,658	16,454	407,051
$1,000 to $1,999	24	35	56	115	2,134	12,394	14,758
$2,000 to $2,999	18	34	56	113	2,360	15,949	18,530
$3,000 to $3,999	27	27	47	107	2,628	18,607	21,443
$4,000 to $4,999	25	33	50	109	2,786	21,966	24,969
$5,000 to $5,999	20	48	60	148	3,088	25,152	28,516
$6,000 to $6,999	21	36	46	162	3,035	27,279	30,579
$7,000 to $7,999	24	47	71	141	3,205	30,169	33,657
$8,000 to $8,999	31	52	61	136	3,198	33,327	36,805
$9,000 to $9,999	25	33	59	150	3,204	36,456	39,927
$10,000 to $10,999	24	50	57	157	3,278	39,412	42,978
$11,000 to $11,999	29	44	66	140	3,150	42,602	46,031
$12,000 to $12,999	32	42	75	177	3,221	46,674	50,221
$13,000 to $13,999	28	51	65	173	3,139	49,375	52,831
$14,000 to $14,999	36	51	85	192	3,188	53,460	57,012
$15,000 to $15,999	39	52	90	203	3,275	58,187	61,846
$16,000 to $16,999	42	61	85	206	3,330	62,829	66,553
$17,000 to $17,999	38	75	97	227	3,377	68,772	72,586
$18,000 to $18,999	52	75	114	275	3,575	74,027	78,118
$19,000 to $19,999	39	86	124	269	3,571	78,884	82,973
$20,000 to $20,999	62	117	181	407	4,758	99,126	104,651
$21,000 to $21,999	43	63	91	292	3,707	84,781	88,977
$22,000 to $22,999	39	43	99	230	3,472	85,393	89,276
$23,000 to $23,999	35	58	102	234	3,432	86,631	90,492
$24,000 to $24,999	36	70	115	218	3,405	88,201	92,045
$25,000 to $25,999	49	68	96	228	3,437	88,830	92,708
$26,000 to $26,999	31	64	118	206	3,301	89,193	92,913
$27,000 to $27,999	36	50	98	210	3,265	89,268	92,927
$28,000 to $28,999	37	47	115	241	3,159	90,740	94,339
$29,000 to $29,999	43	68	94	239	3,250	91,440	95,134
$30,000 to $30,999	21	63	124	272	3,212	92,065	95,757
$31,000 to $31,999	41	63	118	263	3,222	92,947	96,654
$32,000 to $32,999	43	77	128	294	3,239	94,394	98,175
$33,000 to $33,999	78	111	146	362	3,444	95,165	99,306
$34,000 to $34,999	81	116	176	434	3,592	96,947	101,346
$35,000 to $35,999	95	139	230	516	3,808	98,956	103,744
$36,000 to $37,000	133	244	367	800	4,913	107,598	114,055
Total	1,651	3,191	4,274	10,113	507,041	2,383,945	2,910,215

Notes:

Where a low income superannuation tax offset entitlement represents an additional entitlement for a beneficiary in respect of a financial year, that beneficiary is not reported again.
Both the total amount of low income superannuation tax offset entitlements determined and the total amount recovered are rounded up to the next whole $1,000.
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.
This report includes determinations of entitlements made during the financial year from 1 July 2018 to 30 June 2019. A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
The table of adjusted taxable incomes represent all beneficiaries of low income superannuation amounts made during the financial year. Only those made for the 2017–18 year represent low income superannuation tax offset amounts required to be reported under section 21B of the regulations.
The beneficiaries reported in 2016–17 and prior years were recipients of the low income superannuation contribution (now repealed). While not required to be reported they have been included to remain consistent with previous annual reports. The high volume of beneficiaries with an adjusted taxable income of between $0–$999 for the 2016–17 year relates to the ATO’s processing of non- lodger low income superannuation contributions (now repealed). This is in line with prior reporting.

1 July 2018 to 30 June 2019

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