10.22.7.50 Inside Australia Rate - Agreement with Korea
Inside Australia rate
The rate of pension payable under the Agreement to people who are inside Australia is calculated according to 10.1.9.60.
People paid the inside Australia rate under Article 17(4)(b) have their Korean old-age pension directly deducted from the maximum rate of Australian Age.
Temporary departure from Australia
People paid under the Agreement who reside in Australia, and temporarily travel outside Australia, will continue to have their rate calculated using the inside Australia rate for a period of up to 26 weeks. After 26 weeks, their rate will be calculated using the outside Australia rate in 10.22.7.20.
Act reference: SS(IntAgree)Act Schedule 21 Republic of Korea
Policy reference: SS Guide 10.1.9.60 Inside Australia Rate for Agreement Payments, 10.22.7.20 Outside Australia Rate - Agreement with Korea