Document ID: chunk:federal_register_of_legislation:C2012A00023:clause:4_12e
Version: federal_register_of_legislation:C2012A00023
Segment Type: clause
Provision Reference: sch 4 cl 12E
Character Range: 24899–25511

12E  Amount of low income superannuation contribution
 (1) This section applies if a person is entitled to a low income superannuation contribution for an income year of the person under section 12C.
 (2) The amount of the person's low income superannuation contribution for the income year is:
 (a) unless paragraph (b) or (c) applies—15% of the total of the superannuation contributions covered by section 12D made by or for the person during the income year; or
 (b) if the amount worked out under paragraph (a) exceeds $500—$500; or
 (c) if the amount worked out under paragraph (a) falls short of $20—nil.