Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The amount of the Government co-contribution in respect of a person for the 2003-04 income year must not exceed the maximum amount worked out using the following table:
|
Maximum Government co-contribution |
||
|
Item |
Person's total income for the income year |
Maximum amount |
|
1 |
the lower income threshold or less |
$1,000 |
|
2 |
more than the lower income threshold but less than the higher income threshold |
$1,000 reduced by 8 cents for each dollar by which the person's total income for the income year exceeds the lower income threshold |
(1A) The amount of the Government co-contribution in respect of a person for the 2004-05 income year, the 2005-06 income year, the 2006-07 income year, the 2007-08 income year or the 2008-09 income year must not exceed the maximum amount worked out using the following table:
|
Maximum Government co-contribution |
||
|
Item |
Person's total income for the income year |
Maximum amount |
|
1 |
the lower income threshold or less |
$1,500 |
|
2 |
more than the lower income threshold but less than the higher income threshold |
$1,500 reduced by 5 cents for each dollar by which the person's total income for the income year exceeds the lower income threshold |
(1B) The amount of the Government co-contribution in respect of a person for the 2009-10 income year or a later income year must not exceed the maximum amount worked out using the following table:
|
Maximum Government co-contribution |
||
|
Item |
Person's total income for the income year |
Maximum amount |
|
1 |
the lower income threshold or less |
$1,000 |
|
2 |
more than the lower income threshold but less than the higher income threshold |
$1,000 reduced by 3.333 cents for each dollar by which the person's total income for the income year exceeds the lower income threshold |
(2) Subsections (1), (1A) and (1B) have effect subject to sections 10A, 11, 12, 21, 22 and 23.