Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 2-May-16
The Australian Government’s May 2016 Budget will include a scheme that is similar to the Low Income Superannuation Contribution, which provides people on low incomes with a government co-contribution. Treasurer Scott Morrison says the "top-up" scheme will be funded via a reduction in superannuation tax concessions. The Budget will also include an increase in the $A80,001 income tax threshold in order to combat so-called bracket creep.
CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FINANCE