Tax Laws Amendment (2009 Budget Measures No. 1) Act 2009 (62 of 2009)

Schedule 2 Government Co-contribution for Low Income Earners

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

5 After subsection 10(1A)

Insert:

(1B) The amount of the Government co-contribution in respect of a person for the 2009-10 income year, the 2010-11 income year or the 2011-12 income year must not exceed the maximum amount worked out using the following table:

Maximum Government co-contribution
Item	Person's total income for the income year	Maximum amount
1	the lower income threshold or less	$1,000
2	more than the lower income threshold but less than the higher income threshold	$1,000 reduced by 3.333 cents for each dollar by which the person's total income for the income year exceeds the lower income threshold

(1C) The amount of the Government co-contribution in respect of a person for the 2012-13 income year or the 2013-14 income year must not exceed the maximum amount worked out using the following table:

Maximum Government co-contribution
Item	Person's total income for the income year	Maximum amount
1	the lower income threshold or less	$1,250
2	more than the lower income threshold but less than the higher income threshold	$1,250 reduced by 4.167 cents for each dollar by which the person's total income for the income year exceeds the lower income threshold

(1D) The amount of the Government co-contribution in respect of a person for the 2014-15 income year or a later income year must not exceed the maximum amount worked out using the following table:

Maximum Government co-contribution
Item	Person's total income for the income year	Maximum amount
1	the lower income threshold or less	$1,500
2	more than the lower income threshold but less than the higher income threshold	$1,500 reduced by 5 cents for each dollar by which the person's total income for the income year exceeds the lower income threshold

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