Post by Banjo on Feb 2, 2012 10:44:16 GMT 7
Portability of Australian Income Support Payments
The term 'portability' refers to the continuation of Australian income support payments during a recipient's overseas absence. Portability policy acknowledges that travel is an integral part of modern living. This is particularly true in ethnically diverse societies such as Australia, where almost a quarter of the population is overseas born. In 2004/05, there were 262,302 overseas customer departures.
As at August 2005 there were 51,442 Centrelink customers residing overseas permanently who were receiving the Australian Age Pension. The majority of these customers (79%) reside in European countries. A further 8,409 customers were receiving the Disability Support Pension, 792 customers were receiving Widow B Pension and 1,627 customers were receiving Wife Pension.
Yearly expenditure on Australia's pension payments to people living overseas amounts to Aus $416 million (August 2005). At the same time, pensions from overseas countries being paid to Australian pensioners residing in Australia totalled Aus $1,161 million. This represents a significant inflow of funds into Australia, an increase in disposable income for pensioners and a saving for Australian taxpayers.
www.fahcsia.gov.au/sa/international/policy/Portability_Policy/Pages/default.aspx
So there you go, we cost them sweet f........
(Thanks for the link Bruceb)
The term 'portability' refers to the continuation of Australian income support payments during a recipient's overseas absence. Portability policy acknowledges that travel is an integral part of modern living. This is particularly true in ethnically diverse societies such as Australia, where almost a quarter of the population is overseas born. In 2004/05, there were 262,302 overseas customer departures.
As at August 2005 there were 51,442 Centrelink customers residing overseas permanently who were receiving the Australian Age Pension. The majority of these customers (79%) reside in European countries. A further 8,409 customers were receiving the Disability Support Pension, 792 customers were receiving Widow B Pension and 1,627 customers were receiving Wife Pension.
Yearly expenditure on Australia's pension payments to people living overseas amounts to Aus $416 million (August 2005). At the same time, pensions from overseas countries being paid to Australian pensioners residing in Australia totalled Aus $1,161 million. This represents a significant inflow of funds into Australia, an increase in disposable income for pensioners and a saving for Australian taxpayers.
www.fahcsia.gov.au/sa/international/policy/Portability_Policy/Pages/default.aspx
So there you go, we cost them sweet f........
(Thanks for the link Bruceb)