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20 Jun 11 Low income earners government superannuation contribution

On 16 June 2011 the Assistant Treasurer released a consultation paper in relation to the Government’s announcement of the low income earners government superannuation contribution. Under this measure, the Government will provide a superannuation payment of up to $500 annually for eligible low income earners, with effect from 1 July 2012.

This paper presents a broad overview of how this measure will operate and provides interested parties with an opportunity to comment on the proposed design of the low income earners government superannuation contribution.

The closing date for submissions is Friday, 15 July 2011.