10.4.8.40 Proportional Income - Agreement with Italy
Article 8 of the Agreement with Italy provides that only a proportion of any Italian 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). See 10.1.9.40 for the general method of working out proportional income.
Act reference: SS(IntAgree)Act Schedule 2 Italy