1 July 2015 to 30 June 2016

Report from the Commissioner of Taxation under subsection 54(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 1 July 2015 to 30 June 2016.

Total number of beneficiaries of super co-contribution entitlements made during the financial year (paragraph 21A(2)(a) of the regulations)	488,037
Beneficiaries in relation to the financial year 2015–16*	1
Beneficiaries in relation to the financial year 2014–15	441,201
Beneficiaries in relation to the financial year 2013–14	26,555
Beneficiaries in relation to the financial year 2012–13 and earlier years	20,280

Total amount of super co-contribution entitlements made during the financial year (paragraph 21A(2)(b) of the regulations)	$153,799,000
Entitlements in relation to the financial year 2015–16*	$1,000
Entitlements in relation to the financial year 2014–15	$134,757,000
Entitlements in relation to the financial year 2013–14	$8,285,000
Entitlements in relation to the financial year 2012–13 and earlier years	$10,756,000

Total of super co-contribution amounts recovered during the financial year
(paragraph 21A(2)(c) of the regulations)

$2,891,000

*Beneficiary and entitlement in relation to the financial year 2015–16 has occurred due to early lodgment of both individual income tax return and fund member contribution statement. Actual amount paid to the beneficiary in the quarter April–June 2016 was $300. This has been rounded to the nearest $1,000 for inclusion in the annual report 2015–16.

Number of beneficiaries of a super co-contribution within each of the following prescribed total income ranges – subregulation 21A(3)
Recipient total income range	2012–13 and earlier	2013–14	2014–15	2015–16	Total
Under $0	240	515	2,578	0	3,333
$0 to $999	181	267	1,784	0	2,232
$1,000 to $1,999	159	211	1,717	0	2,087
$2,000 to $2,999	171	230	2,009	0	2,410
$3,000 to $3,999	191	242	2,235	0	2,668
$4,000 to $4,999	160	261	2,428	0	2,849
$5,000 to $5,999	190	344	3,076	0	3,610
$6,000 to $6,999	228	292	2,971	1	3,492
$7,000 to $7,999	217	297	3,098	0	3,612
$8,000 to $8,999	221	310	3,414	0	3,945
$9,000 to $9,999	217	342	3,684	0	4,243
$10,000 to $10,999	251	346	4,098	0	4,695
$11,000 to $11,999	229	371	4,395	0	4,995
$12,000 to $12,999	283	386	4,439	0	5,108
$13,000 to $13,999	269	396	4,986	0	5,651
$14,000 to $14,999	284	400	5,266	0	5,950
$15,000 to $15,999	336	465	6,085	0	6,886
$16,000 to $16,999	336	450	6,463	0	7,249
$17,000 to $17,999	304	483	6,869	0	7,656
$18,000 to $18,999	333	650	8,073	0	9,056
$19,000 to $19,999	339	567	8,330	0	9,236
$20,000 to $20,999	421	981	10,678	0	12,080
$21,000 to $21,999	343	606	9,104	0	10,053
$22,000 to $22,999	306	561	9,291	0	10,158
$23,000 to $23,999	325	602	9,273	0	10,200
$24,000 to $24,999	328	590	9,547	0	10,465
$25,000 to $25,999	324	568	9,937	0	10,829
$26,000 to $26,999	325	567	10,254	0	11,146
$27,000 to $27,999	323	581	10,205	0	11,109
$28,000 to $28,999	346	561	10,647	0	11,554
$29,000 to $29,999	349	573	10,836	0	11,758
$30,000 to $30,999	392	697	11,227	0	12,316
$31,000 to $31,999	364	606	11,254	0	12,224
$32,000 to $32,999	361	595	11,524	0	12,480
$33,000 to $33,999	353	583	11,778	0	12,714
$34,000 to $34,999	389	639	11,893	0	12,921
$35,000 to $35,999	390	666	12,386	0	13,442
$36,000 to $36,999	403	730	13,175	0	14,308
$37,000 to $37,999	451	829	14,112	0	15,392
$38,000 to $38,999	395	669	13,330	0	14,394
$39,000 to $39,999	411	620	13,567	0	14,598
$40,000 to $40,999	435	717	13,512	0	14,664
$41,000 to $41,999	426	690	13,515	0	14,631
$42,000 to $42,999	421	704	13,688	0	14,813
$43,000 to $43,999	435	655	13,477	0	14,567
$44,000 to $44,999	450	693	13,727	0	14,870
$45,000 to $45,999	483	676	13,828	0	14,987
$46,000 to $46,999	474	698	13,586	0	14,758
$47,000 to $47,999	332	707	13,655	0	14,694
$48,000 to $48,999	320	366	13,712	0	14,398
$49,000 to $49,999	277	0	6,485	0	6,762
$50,000 to $50,999	353	0	0	0	353
$51,000 to $51,999	313	0	0	0	313
$52,000 to $52,999	339	0	0	0	339
$53,000 to $53,999	310	0	0	0	310
$54,000 to $54,999	374	0	0	0	374
$55,000 to $55,999	339	0	0	0	339
$56,000 to $56,999	346	0	0	0	346
$57,000 to $57,999	361	0	0	0	361
$58,000 to $58,999	304	0	0	0	304
$59,000 to $59,999	294	0	0	0	294
$60,000 to $60,999	252	0	0	0	252
$61,000 to $61,999	204	0	0	0	204
Total	20,280	26,555	441,201	1	488,037

Number of spouses of super co-contribution beneficiaries with taxable income within each of the following prescribed income ranges for the financial year to which the entitlement relates – subregulation 21A(4)
Spouse taxable income range	2011–12 and earlier	2012–13	2013–14	2014–15	Total
Under $0	86	63	335	2,278	2,762
$0 to $4,999	123	143	687	9,374	10,327
$5,000 to $9,999	122	103	640	8,410	9,275
$10,000 to $14,999	128	120	682	10,570	11,500
$15,000 to $19,999	199	180	960	12,989	14,328
$20,000 to $24,999	174	227	1,282	15,713	17,396
$25,000 to $29,999	164	125	957	13,480	14,726
$30,000 to $34,999	184	152	954	13,517	14,807
$35,000 to $39,999	162	176	1,002	15,478	16,818
$40,000 to $44,999	152	133	736	14,084	15,105
$45,000 to $49,999	139	115	628	13,150	14,032
$50,000 to $54,999	119	78	551	12,032	12,780
$55,000 to $59,999	114	90	458	11,100	11,762
$60,000 to $64,999	121	71	495	10,612	11,299
$65,000 to $69,999	90	79	465	9,920	10,554
$70,000 to $74,999	85	68	421	9,415	9,989
$75,000 to $79,999	90	76	393	8,812	9,371
$80,000 to $84,999	84	63	373	8,178	8,698
$85,000 to $89,999	68	65	333	7,441	7,907
$90,000 to $94,999	55	46	305	6,937	7,343
$95,000 to $99,999	54	55	273	5,888	6,270
$100,000 to $149,999	272	335	1,731	31,989	34,327
$150,000 to $199,999	102	113	648	10,599	11,462
$200,000 to $249,999	38	64	295	4,102	4,499
$250,000 to $299,999	25	21	160	1,996	2,202
$300,000 to $349,999	5	16	96	1,023	1,140
$350,000 to $399,999	8	7	61	673	749
$400,000 to $449,999	3	5	45	412	465
$450,000 to $499,999		3	29	291	323
$500,000 to $549,999	1	4	21	198	224
$550,000 to $599,999	0	1	4	134	139
$600,000 to $649,999	1	0	17	107	125
$650,000 to $699,999	3	1	14	60	78
$700,000 to $749,999	0	1	5	51	57
$750,000 to $799,999	0	0	6	37	43
$800,000 to $849,999	1	0	5	41	47
$850,000 to $899,999	1	0	2	29	32
$900,000 to $949,999	0	0	4	19	23
$950,000 to $999,999	1	1	2	22	26
$1,000,000 to $1,999,999	0	0	16	128	144
$2,000,000 to $2,999,999	1	0	3	17	21
$3,000,000 to $3,999,999	0	0	1	3	4
$4,000,000 to $4,999,999	0	0	1	1	2
$5,000,000 to $5,999,999	0	0	0	1	1
$7,000,000 to $7,999,999	1	0	1	0	2
$10,000,000 and above	0	0	0	1	1
Total	2,976	2,800	16,097	271,312	293,185

Total number of beneficiaries of super co-contributions who the Commissioner was not satisfied had a spouse at the end of the financial year (paragraph 54(2)(e) of the Act)	164,048
Beneficiaries in relation to the financial year 2015–16	1
Beneficiaries in relation to the financial year 2014–15	141,350
Beneficiaries in relation to the financial year 2013–14	9,053
Beneficiaries in relation to the financial year 2012–13 and earlier years	13,644

The total number of spouses of super co-contribution beneficiaries whose taxable income was not able to be determined by the Commissioner (paragraph 54(2)(f) of the Act)	30,802
Entitlements in relation to the financial year 2015–16	0
Entitlements in relation to the financial year 2014–15	28,537
Entitlements in relation to the financial year 2013–14	1,405
Entitlements in relation to the financial year 2012–13 and earlier years	860

Notes:

A determination of entitlement occurs once both an individual’s eligibility and the amount of their entitlement have been established.
Where a beneficiary receives super co-contribution entitlements relating to different financial years the beneficiary is reported once for each financial year.
Where a super co-contribution entitlement represents an additional entitlement for a beneficiary in respect of the same financial year, that beneficiary is not reported again.
The total of amounts 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.
Both the total amount of super co-contribution entitlements made and recovered by the Commissioner is rounded up to the next whole $1,000.
Reconciliation of the annual and quarterly reports:
1. The total number of beneficiaries and amounts of a super co-contribution made during the financial year is less than the sum of the quarterly reports. This is due to beneficiaries who were reported in a quarterly period, later being determined as ineligible and consequently not reported as a beneficiary for the whole financial year. Entitlements are also rounded up to the next whole $1,000.
2. The total amount of super co-contributions recovered during the financial year is equal to the sum of the quarterly reports.
In relation to the number of beneficiaries of a super co-contribution within the prescribed income ranges there are some income ranges with no identified beneficiaries. This is for one of two reasons:
1. The expansion of the co-contribution scheme to the self-employed from 1 July 2007, whereby total income would be reduced by business expenses when determining entitlement.
2. The indexation of the income thresholds, commencing with the 2007 year of entitlement.

1 July 2015 to 30 June 2016

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