9

9 Basic rule—Government co‑contribution matches personal contributions

(1) The amount of the Government co‑contribution in respect of a person for an income year is: (a) for the 2003‑04 income year—an amount equal to the sum of the eligible personal superannuation contributions the person makes during the income year; and (b) 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—an amount equal to 150% of the sum of the eligible personal superannuation contributions the person makes during the income year; and (c) for the 2009‑10, 2010‑11 and 2011‑12 income years—an amount equal to the sum of the eligible personal superannuation contributions the person makes during the income year; and (d) for the 2012‑13 income year or a later income year—an amount equal to 50% of the sum of the eligible personal superannuation contributions the person makes during the income year. (2) Subsection (1) has effect subject to sections 10, 10A, 11, 12, 21, 22 and 23.