10.6.8.40 Proportional Income - Agreement with Spain
Article 10 - Calculation of Australian Benefits - provides that only a proportion of any Spanish benefit is to be assessed as income when calculating the rate of Australian pension paid overseas. This concessional treatment only applies when the person's Australian benefit is proportionalised (10.1.9.20). See 10.1.9.40 for the general method of working out proportional income.
See also 10.6.8.60 for details of Spanish benefits disregarded from Australia's income test under Article 10.