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 |
2,218,479 |
The number of beneficiaries of a LISTO entitlement with an estimated adjusted taxable income |
246,267 |
The total number of beneficiaries of a LISTO entitlement |
2,464,746 |
The amount of LISTO entitlements made with an adjusted taxable income |
$553,978,000 |
The amount of LISTO entitlements made with an estimated adjusted taxable income |
$35,072,000 |
The total amount of LISTO entitlements made |
$589,050,000 |
The total amount of LISTO entitlements recovered |
$11,082,000 |
Notes:
This report includes entitlements determined during the 1 July 2021 to 30 June 2022 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 |
LISTO beneficiaries relating to 2020–21 |
LISTO beneficiaries relating to 2021–22 |
Total LISTO beneficiaries determined in 2020–21 |
|---|---|---|---|---|---|---|
Under $0 |
2 |
15 |
38 |
418 |
0 |
473 |
$0 to $999 |
512 |
1,956 |
306,498 |
18,237 |
0 |
327203 |
$1,000 to $1,999 |
56 |
164 |
2,308 |
10,183 |
0 |
12711 |
$2,000 to $2,999 |
46 |
151 |
2,605 |
12,910 |
0 |
15712 |
$3,000 to $3,999 |
54 |
137 |
2,553 |
14,825 |
1 |
17570 |
$4,000 to $4,999 |
63 |
148 |
2,639 |
16,436 |
0 |
19286 |
$5,000 to $5,999 |
56 |
166 |
2,856 |
18,020 |
1 |
21099 |
$6,000 to $6,999 |
52 |
172 |
2,989 |
19,725 |
0 |
22938 |
$7,000 to $7,999 |
78 |
165 |
3,203 |
20,949 |
0 |
24395 |
$8,000 to $8,999 |
85 |
159 |
3,130 |
22,927 |
0 |
26301 |
$9,000 to $9,999 |
78 |
207 |
3,141 |
24,620 |
0 |
28046 |
$10,000 to $10,999 |
71 |
198 |
3,252 |
26,691 |
0 |
30212 |
$11,000 to $11,999 |
84 |
203 |
3,208 |
28,270 |
0 |
31765 |
$12,000 to $12,999 |
79 |
240 |
3,364 |
29,560 |
0 |
33243 |
$13,000 to $13,999 |
94 |
259 |
3,232 |
31,451 |
0 |
35036 |
$14,000 to $14,999 |
100 |
286 |
3,174 |
33,873 |
0 |
37433 |
$15,000 to $15,999 |
103 |
294 |
3,223 |
35,752 |
0 |
39372 |
$16,000 to $16,999 |
101 |
336 |
3,185 |
38,195 |
0 |
41817 |
$17,000 to $17,999 |
124 |
370 |
3,286 |
41,811 |
1 |
45592 |
$18,000 to $18,999 |
167 |
454 |
3,637 |
45,430 |
0 |
49688 |
$19,000 to $19,999 |
177 |
471 |
3,820 |
48,633 |
0 |
53101 |
$20,000 to $20,999 |
222 |
602 |
4,197 |
53,413 |
0 |
58434 |
$21,000 to $21,999 |
167 |
649 |
4,536 |
58,466 |
0 |
63818 |
$22,000 to $22,999 |
174 |
674 |
4,111 |
66,476 |
0 |
71435 |
$23,000 to $23,999 |
180 |
771 |
3,799 |
77,158 |
0 |
81908 |
$24,000 to $24,999 |
175 |
794 |
3,996 |
75,664 |
0 |
80629 |
$25,000 to $25,999 |
196 |
943 |
4,192 |
79,068 |
0 |
84399 |
$26,000 to $26,999 |
172 |
941 |
4,029 |
82,348 |
0 |
87490 |
$27,000 to $27,999 |
165 |
893 |
4,135 |
84,711 |
0 |
89904 |
$28,000 to $28,999 |
171 |
933 |
4,055 |
87,677 |
0 |
92836 |
$29,000 to $29,999 |
148 |
935 |
4,140 |
91,649 |
1 |
96873 |
$30,000 to $30,999 |
155 |
934 |
4,107 |
94,747 |
0 |
99943 |
$31,000 to $31,999 |
166 |
927 |
4,167 |
96,804 |
0 |
102064 |
$32,000 to $32,999 |
161 |
1,012 |
4,205 |
99,723 |
0 |
105101 |
$33,000 to $33,999 |
159 |
1,033 |
4,277 |
101,647 |
0 |
107116 |
$34,000 to $34,999 |
203 |
1,115 |
4,460 |
102,564 |
0 |
108342 |
$35,000 to $35,999 |
194 |
1,199 |
4,724 |
103,797 |
0 |
109914 |
$36,000 to $37,000 |
333 |
1,324 |
5,671 |
104,219 |
0 |
111547 |
Total |
5,323 |
22,230 |
438,142 |
1,999,047 |
4 |
2,464,746 |
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.