10.19.8.40 Proportional Income - Agreement with Belgium
Proportional income
Article 17 of the Agreement with Belgium provides that only a proportion of Belgian pension 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 pension is proportionalised (calculated using the outside Australia rate in 10.19.8.20). See 10.1.9.40 for the general method of working out proportional income.
Act reference: SS(IntAgree)Act Schedule 18 Belgium
Policy reference: SS Guide 10.1.9.40 Calculating proportional income under agreements, 10.19.8.20 Outside Australia Rate - Agreement with Belgium