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 with an adjusted taxable income |
2,534,137 |
The number of beneficiaries of a LISTO entitlement with an estimated adjusted taxable income |
272,589 |
The total number of beneficiaries of a LISTO entitlement |
2,806,726 |
The amount of LISTO entitlements made with an adjusted taxable income |
$674,303,000 |
The amount of LISTO entitlements made with an estimated adjusted taxable income |
$37,527,000 |
The total amount of LISTO entitlements made |
$711,830,000 |
The total amount of LISTO entitlements recovered |
$10,121,000 |
Notes:
- A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
- Each beneficiary is only counted once regardless of the number of entitlements received for the financial year.
- The total amount recovered includes all amounts overpaid as a result of a subsequent amendment to an individual’s income tax assessment or a change to the superannuation contributions reported for that individual.
- 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 number of beneficiaries with an adjusted taxable income, or estimated adjusted taxable Income, in each of the following ranges
Adjusted Taxable Income Range |
LISTO Beneficiaries relating to 2017–18 |
LISTO Beneficiaries relating to 2018–19 |
Total LISTO Beneficiaries determined in 2019–20 |
|---|---|---|---|
Under $0 |
37 |
346 |
383 |
$0 to $999 |
348,029 |
17,919 |
365,948 |
$1,000 to $1,999 |
2,628 |
13,347 |
15,975 |
$2,000 to $2,999 |
3,037 |
16,522 |
19,559 |
$3,000 to $3,999 |
3,276 |
19,417 |
22,693 |
$4,000 to $4,999 |
3,494 |
22,726 |
26,220 |
$5,000 to $5,999 |
3,713 |
25,564 |
29,277 |
$6,000 to $6,999 |
3,880 |
27,448 |
31,328 |
$7,000 to $7,999 |
3,865 |
30,775 |
34,640 |
$8,000 to $8,999 |
4,126 |
33,520 |
37,646 |
$9,000 to $9,999 |
4,173 |
36,353 |
40,526 |
$10,000 to $10,999 |
4,108 |
39,361 |
43,469 |
$11,000 to $11,999 |
3,957 |
41,876 |
45,833 |
$12,000 to $12,999 |
4,083 |
45,374 |
49,457 |
$13,000 to $13,999 |
3,994 |
48,805 |
52,799 |
$14,000 to $14,999 |
3,917 |
52,038 |
55,955 |
$15,000 to $15,999 |
4,096 |
55,513 |
59,609 |
$16,000 to $16,999 |
3,998 |
60,229 |
64,227 |
$17,000 to $17,999 |
4,059 |
65,313 |
69,372 |
$18,000 to $18,999 |
4,313 |
70,318 |
74,631 |
$19,000 to $19,999 |
4,370 |
73,179 |
77,549 |
$20,000 to $20,999 |
5,648 |
80,019 |
85,667 |
$21,000 to $21,999 |
4,187 |
91,417 |
95,604 |
$22,000 to $22,999 |
4,010 |
84,857 |
88,867 |
$23,000 to $23,999 |
3,977 |
83,394 |
87,371 |
$24,000 to $24,999 |
3,991 |
84,953 |
88,944 |
$25,000 to $25,999 |
4,029 |
86,383 |
90,412 |
$26,000 to $26,999 |
3,818 |
86,802 |
90,620 |
$27,000 to $27,999 |
3,845 |
87,418 |
91,263 |
$28,000 to $28,999 |
3,926 |
88,130 |
92,056 |
$29,000 to $29,999 |
3,807 |
89,195 |
93,002 |
$30,000 to $30,999 |
3,853 |
89,895 |
93,748 |
$31,000 to $31,999 |
3,801 |
90,608 |
94,409 |
$32,000 to $32,999 |
3,905 |
91,836 |
95,741 |
$33,000 to $33,999 |
3,912 |
92,125 |
96,037 |
$34,000 to $34,999 |
4,057 |
93,991 |
98,048 |
$35,000 to $35,999 |
4,445 |
94,959 |
99,404 |
$36,000 to $37,000 |
5,629 |
102,808 |
108,437 |
Total |
491,993 |
2,314,733 |
2,806,726 |
Notes:
- The high volume of beneficiaries with an adjusted taxable income of between $0-$999 relates to the ATO's processing of non-lodger low income superannuation tax offset entitlements for prior years.