10.11.8.40 Proportional Income - Agreement with Austria
Proportional income
Article 12 of the Agreement with Austria provides that only a proportion of any Austrian benefit is assessed as income. This concessional treatment only applies when the person's Australian benefit is calculated using the outside Australia rate in 10.11.8.20. See 10.1.9.40 for the general method of working out proportional income.
Act reference: SS(IntAgree)Act Schedule 10 Austria
Policy reference: SS Guide 10.11.8.20 Outside Australia Rate - Agreement with Austria, 10.1.9.40 Calculating proportional income under agreements