Superannuation Rates and Thresholds

The Tax Office has released the following superannuation rates and thresholds for the 2009/10 income year:

• Superannuation guarantee maximum contribution base: $40,170 for each quarterly contribution period. An employer does not need to provide the minimum 9% superannuation guarantee support for an employee’s ordinary time earnings above this limit.
• Superannuation co-contribution income thresholds: The lower total income threshold to qualify for the maximum co-contribution is $31,920. The higher income threshold where the co-contribution completely phases out is $61,920.

Rates and Thresholds

The Tax Office has also released the following rates for the 2009/10 income year:

• CGT improvement threshold: $124,258
• Car depreciation limit and luxury car limit: $57,180
• Overtime meal allowance expenses: $24.95
• Benchmark interest rate for the deemed dividends provision: 5.75%

GIC and SIC Rates

The Tax Office has also released the general interest charge (GIC) and shortfall interest charge (SIC) rates for the first quarter of the 2009/10 income year (ie 1 July 2009 to 30 September 2009):

Rate	Annual (%)	Daily (%)
GIC	10.13	0.02775342
SIC	6.13	0.01679452