The Problem With Co-Contribution Schemes

There's a difference between the listo, which is an automatic rebate of a tax that's being paid. And then these co-contribution schemes, which are additional and top up from government. The problem with those kind of top up voluntary schemes is that they really depend on you having the financial resources free to make additional contributions. They're designed as an equity measure either for around gender or as an Equity measure around avoiding poverty and retirement. But if you tend to have a lower income during retirement, you also tend tohave a lower income before you retire. So it's not a really efficient way of trying to support the equity objectives in super.