11 May 10 Permanent reduction to the superannuation co-contribution matching rate and maximum payable
The Government will permanently retain the matching rate for the superannuation co-contribution at 100% and the maximum co-contribution that is payable on an individual's eligible personal non-concessional superannuation contributions at $1,000. This measure is estimated to save $350 million over the forward estimates period. The rate was due to increase from 2012-13.
See Budget Paper No 2 p 298.