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 2020 to 30 June 2021.
The total number of beneficiaries of government co-contributions |
391,812 |
The total amount of government co-contributions made |
$121,820,000 |
The total amount of government co-contributions recovered |
$1,334,000 |
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 Government Co-contributions determined and the total amount recovered are rounded up to the next whole $1,000.
Total Income Range |
Beneficiaries determined in 2020–21 |
|---|---|
Under $0 |
3,812 |
$0 to $999 |
2,793 |
$1,000 to $1,999 |
2,192 |
$2,000 to $2,999 |
2,291 |
$3,000 to $3,999 |
2,374 |
$4,000 to $4,999 |
2,449 |
$5,000 to $5,999 |
2,755 |
$6,000 to $6,999 |
2,762 |
$7,000 to $7,999 |
2,930 |
$8,000 to $8,999 |
3,108 |
$9,000 to $9,999 |
3,410 |
$10,000 to $10,999 |
3,759 |
$11,000 to $11,999 |
3,833 |
$12,000 to $12,999 |
4,009 |
$13,000 to $13,999 |
4,435 |
$14,000 to $14,999 |
4,647 |
$15,000 to $15,999 |
5,017 |
$16,000 to $16,999 |
5,165 |
$17,000 to $17,999 |
5,498 |
$18,000 to $18,999 |
6,366 |
$19,000 to $19,999 |
6,475 |
$20,000 to $20,999 |
7,838 |
$21,000 to $21,999 |
8,238 |
$22,000 to $22,999 |
8,059 |
$23,000 to $23,999 |
7,732 |
$24,000 to $24,999 |
7,710 |
$25,000 to $25,999 |
8,050 |
$26,000 to $26,999 |
7,938 |
$27,000 to $27,999 |
8,162 |
$28,000 to $28,999 |
8,338 |
$29,000 to $29,999 |
8,585 |
$30,000 to $30,999 |
8,915 |
$31,000 to $31,999 |
8,641 |
$32,000 to $32,999 |
8,944 |
$33,000 to $33,999 |
8,937 |
$34,000 to $34,999 |
8,991 |
$35,000 to $35,999 |
9,650 |
$36,000 to $36,999 |
10,015 |
$37,000 to $37,999 |
10,696 |
$38,000 to $38,999 |
9,851 |
$39,000 to $39,999 |
9,903 |
$40,000 to $40,999 |
10,394 |
$41,000 to $41,999 |
9,775 |
$42,000 to $42,999 |
10,015 |
$43,000 to $43,999 |
9,995 |
$44,000 to $44,999 |
10,099 |
$45,000 to $45,999 |
10,467 |
$46,000 to $46,999 |
10,351 |
$47,000 to $47,999 |
10,125 |
$48,000 to $48,999 |
9,945 |
$49,000 to $49,999 |
10,090 |
$50,000 to $50,999 |
10,258 |
$51,000 to $51,999 |
9,724 |
$52,000 to $52,999 |
9,477 |
$53,000 to $53,999 |
5,019 |
$54,000 to $54,999 |
135 |
$55,000 to $55,999 |
126 |
$56,000 to $56,999 |
125 |
$57,000 to $57,999 |
115 |
$58,000 to $58,999 |
83 |
$59,000 to $59,999 |
73 |
$60,000 to $60,999 |
83 |
$61,000 to $61,999 |
65 |
Total |
391,812 |
Notes:
- The low number of beneficiaries in total income ranges above $52,999 are as a result of higher total income thresholds in prior years.
Spouse Taxable Income Range |
Number of spouses determined 2020–21 |
|---|---|
Under $0 |
2,482 |
$0 to $4,999 |
8,669 |
$5,000 to $9,999 |
6,137 |
$10,000 to $14,999 |
7,237 |
$15,000 to $19,999 |
9,092 |
$20,000 to $24,999 |
11,557 |
$25,000 to $29,999 |
9,958 |
$30,000 to $34,999 |
9,842 |
$35,000 to $39,999 |
10,827 |
$40,000 to $44,999 |
9,748 |
$45,000 to $49,999 |
9,451 |
$50,000 to $54,999 |
9,243 |
$55,000 to $59,999 |
8,453 |
$60,000 to $64,999 |
8,358 |
$65,000 to $69,999 |
7,624 |
$70,000 to $74,999 |
7,237 |
$75,000 to $79,999 |
7,018 |
$80,000 to $84,999 |
6,823 |
$85,000 to $89,999 |
6,255 |
$90,000 to $94,999 |
6,114 |
$95,000 to $99,999 |
5,569 |
$100,000 and above |
58,756 |
Total |
226,450 |
The number of beneficiaries who did not have a spouse at the end of the financial year |
144,702 |
The number of beneficiaries whose spouse's taxable income was not able to be determined |
20,660 |