The matching rate of 100 per cent and the maximum co-contribution that is payable on an individual’s eligible personal non-concessional contribution of $1,000 is proposed to be permanently retained.
Comment
Under announcements made in the 2009 Budget the co-contribution matching
rate was to be reduced from 150% to 100% before being increased to 125%
and then back to 150%. Under the 2010 Budget announcement this planned
increase will not proceed and the maximum rate of co-contribution will
be capped at $1000.