10.22.7.10 Rate Calculation - Background (Agreement with Korea)
Basis for rate calculation
Article 17 of the Agreement, when read with social security law sets out how to determine the rate of Australian benefit payable under the Agreement. There are 2 different methods of calculating the rate:
- the proportional rate for people outside Australia, and for up to 26 weeks if on a temporary visit to Australia (10.1.9.20), and
- the direct deduction rate for people inside Australia, and for up to 26 weeks if temporarily absent from Australia (10.1.9.60).
Act reference: SS(IntAgree)Act Schedule 21 Republic of Korea
Policy reference: SS Guide 10.22.7.40 Proportional Income - Agreement with Korea
Last reviewed: 20 March 2015