1.1.C.230 Comparable foreign payments (CFPs)

Usage

This definition applies to the following payments:

  • age pension,
  • widow allowance,
  • wife pension,
  • widow B pension,
  • parenting payment,
  • disability support pension,
  • carer payment, and
  • bereavement allowance.

Definition of a CFP

A CFP is a payment that is similar to an Australian social security pension and regulated through another country's national social security laws. It is paid periodically to provide income in respect of:

  • retirement,
  • old age,
  • invalidity,
  • disability,
  • widowhood, or
  • survivorship.

It also includes:

  • payments made to a partner or carer, and
  • payments from entities, such as companies and business enterprises, that are regulated through a foreign country's national social security law.

The following are NOT CFPs:

  • payments through private or voluntary investment schemes, such as private superannuation-like schemes or private annuities,
  • war, service and restitution pensions and compensation payments from other countries.

Act reference: SSAct section 23(1)-'comparable foreign payment'

Policy reference: SS Guide 7.1 Conditions for payment outside Australia, 7.2 Arrangements for payment outside Australia

Last reviewed: 6 November 2017