10.25.100 Finnish Glossary

Introduction

This section contains a list of terms used in and applicable to the Agreement with Finland.

Benefit

For Australia, benefit means age pension. It includes any additional amount or increase in respect of, a person who qualifies for that additional amount. This includes pension supplement and RA, for people in Australia, but any additional amounts are subject to portability restrictions under the SSAct.

For Finland, benefit means an old age pension under the Finnish National Pension Scheme, or any pension under the Finnish Earnings-Related Pension Scheme (including old age, disability and survivor's pensions). It includes any additional amount, increase or supplement that is payable in addition to that pension.

Legislation

In relation to Australia, legislation means the laws which make up the social security legislation relating to the age pension. In Part II of the Agreement it applies to the Superannuation Guarantee (Administration) Act 1992, the Superannuation Guarantee Charge Act 1992, and the Superannuation (Administration) Regulations.

In relation to Finland, it means the laws and schemes concerning the covered Finnish pension systems.

Period of Australian Working Life Residence/Periods of Australian Working Life Residence/Australian Working Life Residence

In relation to Australian totalisation and rate calculation rules (Articles 13 and 14), this means a period of AWLR as defined in the SS(IntAgree)Act (i.e. the period of residence in Australia between the ages of 16 and reaching age pension age).

Period of Insurance under the Legislation of Finland

In relation to Finland this means a period of contributions, or any equivalent period, under the Finnish Earnings-Related Pension Scheme or a period of residence under the Finnish National Pensions Act.

Last reviewed: 17 August 2015