10.23.8.40 Inside Australia Rate - Agreement with Greece
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 12(6) have their Greek old age pension directly deducted from the maximum rate of Australian Age. After they accrue 10 years Australian residence, and qualify for an Australian pension without totalising under the Agreement, their Greek pension is treated as ordinary income.
Temporary departure from Australia
People paid under the Agreement who reside in Australia, and temporarily travel outside Australia to Greece, 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 10.23.8.20.
Act reference: SS(IntAgree)Act Schedule 22 Hellenic Republic