10.30.100 Hungarian Glossary

Introduction

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

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 Hungary, benefit means the old age and survivors' benefits.

Creditable Period

This means:

  • For Hungary - a period of contributions under the legislation of Hungary or equivalent periods recognised as such under Hungarian legislation.
  • For Australia - a period of residence in Australia used to qualify for a benefit under the social security laws of Australia.
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.

Period of Australian Working Life Residence

This means a period of Australian working life residence 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).

Last reviewed: 9 November 2015