Wednesday 20 June 2012

New tax rates and the government super co-contribution

In less than two weeks' time Australians will have new tax rates. The government has placed great emphasis on how these rates will "free over 1 million Australians from having to lodge a (tax) return".

My concern is that the ATO clearly states that to be eligible for the government super co-contribution you need to "lodge your income tax return for the relevant income year".
Does this mean that the current Labor government has just made 1 million of the lowest paid workers in the country ineligible to receive the very worthy government co-contribution?

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