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 |
2,402,270 |
The number of beneficiaries of a LISTO entitlement with an estimated adjusted taxable income |
258,589 |
The total number of beneficiaries of a LISTO entitlement |
2,660,859 |
The amount of LISTO entitlements made with an adjusted taxable income |
$634,524,000 |
The amount of LISTO entitlements made with an estimated adjusted taxable income |
$35,206,000 |
The total amount of LISTO entitlements made |
$669,730,000 |
The total amount of LISTO entitlements recovered |
$13,075,000 |
Notes:
This report includes entitlements determined during the 1 July 2020 to 30 June 2021 financial year.
- 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.
Adjusted Taxable Income Range |
LISTO Beneficiaries relating to 2017–18 |
LISTO Beneficiaries relating to 2018–19 |
LISTO Beneficiaries relating to 2019–20 |
Total LISTO Beneficiaries determined in 2020–21 |
|---|---|---|---|---|
Under $0 |
12 |
29 |
425 |
466 |
$0 to $999 |
1,102 |
321,992 |
20,767 |
343,861 |
$1,000 to $1,999 |
113 |
2,119 |
12,841 |
15,073 |
$2,000 to $2,999 |
98 |
2,369 |
15,157 |
17,624 |
$3,000 to $3,999 |
119 |
2,629 |
16,972 |
19,720 |
$4,000 to $4,999 |
122 |
2,713 |
19,049 |
21,884 |
$5,000 to $5,999 |
135 |
3,026 |
21,457 |
24,618 |
$6,000 to $6,999 |
132 |
2,965 |
23,575 |
26,672 |
$7,000 to $7,999 |
135 |
2,966 |
26,303 |
29,404 |
$8,000 to $8,999 |
142 |
3,016 |
28,465 |
31,623 |
$9,000 to $9,999 |
152 |
3,016 |
30,713 |
33,881 |
$10,000 to $10,999 |
160 |
3,036 |
33,086 |
36,282 |
$11,000 to $11,999 |
151 |
2,946 |
35,655 |
38,752 |
$12,000 to $12,999 |
194 |
2,818 |
38,667 |
41,679 |
$13,000 to $13,999 |
163 |
2,742 |
42,474 |
45,379 |
$14,000 to $14,999 |
197 |
2,609 |
44,842 |
47,648 |
$15,000 to $15,999 |
220 |
2,740 |
48,030 |
50,990 |
$16,000 to $16,999 |
206 |
2,677 |
51,431 |
54,314 |
$17,000 to $17,999 |
231 |
2,760 |
55,835 |
58,826 |
$18,000 to $18,999 |
231 |
2,876 |
61,082 |
64,189 |
$19,000 to $19,999 |
251 |
2,820 |
65,619 |
68,690 |
$20,000 to $20,999 |
376 |
3,163 |
72,303 |
75,842 |
$21,000 to $21,999 |
269 |
3,528 |
84,536 |
88,333 |
$22,000 to $22,999 |
269 |
2,892 |
80,869 |
84,030 |
$23,000 to $23,999 |
242 |
2,774 |
80,924 |
83,940 |
$24,000 to $24,999 |
234 |
2,764 |
82,962 |
85,960 |
$25,000 to $25,999 |
245 |
2,732 |
85,698 |
88,675 |
$26,000 to $26,999 |
263 |
2,537 |
87,892 |
90,692 |
$27,000 to $27,999 |
266 |
2,694 |
89,528 |
92,488 |
$28,000 to $28,999 |
288 |
2,620 |
90,811 |
93,719 |
$29,000 to $29,999 |
265 |
2,644 |
92,920 |
95,829 |
$30,000 to $30,999 |
262 |
2,741 |
93,379 |
96,382 |
$31,000 to $31,999 |
292 |
2,685 |
94,697 |
97,674 |
$32,000 to $32,999 |
292 |
2,754 |
96,085 |
99,131 |
$33,000 to $33,999 |
329 |
2,733 |
97,104 |
100,166 |
$34,000 to $34,999 |
415 |
2,927 |
98,196 |
101,539 |
$35,000 to $35,999 |
481 |
3,205 |
99,851 |
103,537 |
$36,000 to $37,000 |
726 |
4,035 |
106,586 |
111,347 |
Total |
9,780 |
424,292 |
2,226,784 |
2,660,859 |
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.