10.24.7.40 Proportional Income - Agreement with Japan
Proportional income
The Agreement with Japan provides for proportionalisation of Japanese benefits under the income test as in 10.1.9.40. This means that only a proportional amount of Japanese benefit (this includes Japanese Disability and Survivor's Pensions) received by the person is assessed as income under the income test.
That proportion is calculated by multiplying the number of whole months accumulated by that person in a period of AWLR (not exceeding 300) by the amount of that benefit under the legislation of Japan and dividing that product by 300.
Japanese income is only proportionalised while the rate of the Australian Age is also proportionalised.
Act reference: SS(IntAgree)Act Schedule 23 Japan
Policy reference: SS Guide 10.1.9.40 Calculating proportional income under agreements, 10.24.7.10 Rate Calculation - Background (Agreement with Japan), 10.24.7.20 Outside Australia Rate - Agreement with Japan