Superannuation Budget Measures Act 2004 (106 of 2004)

Schedule 1   Extension of the Government's superannuation co-contribution

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

1   Subsection 9(1)

Repeal the subsection, substitute:

(1) The amount of the Government co-contribution in respect of a person for an income year is:

(a) for the 2003-04 income year - an amount equal to the sum of the eligible personal superannuation contributions the person makes during the income year; and

(b) for the 2004-05 income year or a later income year - an amount equal to 150% of the sum of the eligible personal superannuation contributions the person makes during the income year.