This proposal has three components.

• Component 1: Increase the low income superannuation tax offset from 15 cents per dollar to 30 cents per dollar, up from a maximum of $500 to $1,000 annually.
• Component 2: Reduce the Division 293 threshold from $250,000 to $180,000.
• Component 3: Abolish the $450 superannuation guarantee monthly earnings threshold.

This proposal would have effect from 1 July 2019.