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08 May 07 Additional Government co-contribution

The Treasurer announced that the Government will pay a one off additional co contribution into the superannuation accounts of those persons who made eligible contributions in the 2005-06 income year. This payment will double the co contribution paid in respect of that year, and contribute an additional $1.1 billion to the retirement savings of low to middle income earning Australians.

For a copy of the Treasurer's press release, No 2007/35, 8 May 2007, go here

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