10.16.8.50 Exempt Payments - Agreement with Chile
Exempt payments
Article 17 of the Agreement exempts Chile's Mercy Payments (Pensiones de Gracia) from the Australian income test. This means that:
- monthly payments made under Chilean Law number 19.123, and
- periodical monthly mercy payments made under Chilean Law number 19.234,
- payments made under Chilean Law number 19.992 (annual mercy pensions), and
- any other payments of a similar character granted under laws made later than those listed above, and jointly approved in writing by the Competent Authorities,
are exempt from the income test that is applied to all payments under the social security laws of Australia. To date no other similar payments have been exempted.
Act reference: SS(IntAgree)Act Schedule 15 Chile
Policy reference: SS Guide 4.3.6.10 Income from overseas payments - general rules