On 9 May 2007, Superannuation Laws Amendment (2007 Budget Co-Contribution Measure) Bill 2007 was introduced into the House of Representatives. Schedule 1 to the Bill will amend the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 to double the co-contribution paid for persons who are entitled to receive a co-contribution in respect of the 2005-06 income year. The proposal was announced by the Treasurer in the 2007-08 Budget: see 2007 TAXVINE No 17 (19) (8 May 2007).
For a copy of the Bill, go here
For a copy of the Explanatory Memorandum, go here