Government pays out AUS$309m in co-contributions

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AUSTRALIA - The Australian Government has paid out AUS$309m in superannuation co-contributions under its co-contribution scheme since it was set up in 2003.

Under the co-contribution scheme, which benefits low and middle-income earners, the Australian government contributes $1.50 for every $1 in personal contributions, up to a ceiling of $1500 annually...

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