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 ( The general method for working out proportional income is in

Act reference: SS(IntAgree)Act Schedule 11 Cyprus

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

Last reviewed: 16 May 2016