Superannuation (Government Co-Contribution for Low Income Earners) Act 2003

PART 2 - GOVERNMENT CO-CONTRIBUTION IN RESPECT OF LOW INCOME EARNERS  

Division 2 - Amount of the Government co-contribution  

SECTION 12A   AMOUNT OF THE GOVERNMENT CO-CONTRIBUTION FOR 2005-06 INCOME YEAR  

12A(1)   [ Application]  

This section applies for the purposes of working out the amount of the Government co-contribution in respect of a person for the 2005-06 income year.

12A(2)   [ Amount]  

Despite sections 9 , 10 , 10A and 11 , that amount is double the amount worked out under those sections in respect of the person for the 2005-06 income year.

12A(3)   [ Underpayments; late payments]  

Subsection (2) has effect subject to sections 12 , 21 , 22 and 23 .

12A(4)   [ Interest payments]  

For the purposes of working out an amount of interest under section 12 , 21 or 22 in relation to the Government co-contribution in respect of a person for the 2005-06 income year:

(a) disregard subsection (2); and

(b) treat an amount paid by the Commissioner as not including any amount paid by the Commissioner because of subsection (2).