10.12.8.40 Proportional Income - Agreement with Cyprus

Proportional income

Article 9 of the Agreement with Cyprus provides that only a proportion of any Cypriot benefit is to be assessed as income when calculating the rate of Australian benefit paid outside Australia. This concessional treatment only applies when a person's Australian benefit is proportionalised (10.1.9.20). The general method for working out proportional income is in 10.1.9.40.

Act reference: SS(IntAgree)Act Schedule 11 Cyprus

Policy reference: SS Guide 10.1.9.20 Outside Australia Rate for Agreement Payments, 10.1.9.40 Calculating proportional income under agreements

Last reviewed: 16 May 2016