Social Security Agreement India And Australia

1 For the “current” announcement, the text of the agreement (in Hindi and English) and a “fact sheet”, see the Australian Department of Social Services website at: All Australian pension applicants must meet the minimum age and residency requirements under Australian social security legislation. Australian pensions are also needs-dependent – that is, an income test and a wealth test are applied, and regardless of the lower pension rate, it is used for assessment purposes. The Department of Human Services website contains information on current income and asset limits. Australia currently has 30 international social security agreements with other countries, several of which are under negotiation. The Australia-India SSA largely resembles the SSA that Australia has signed with other countries. This SSA applies to Australia`s Superannuation Guarantee Act, which requires employers to provide contributions to Superannuation Guarantee for their employees. As far as Indian law is concerned, this agreement applies to Indian social security and pension legislation.2 Our bilateral social security agreement with India applies in the event of a double overcover, i.e. if otherwise you or your staff would have to pay overguarantees (or equivalents) in both countries for the same work of your employee. It applies to the Australian Superguarantee Act and the relevant Indian social security and tax laws. The Agreement does not affect the treatment of diplomats and consular officials under the relevant Vienna Conventions on diplomatic and consular relations. Bill is sent by his Australian employer to work in India for two years. Bill will continue to be covered by Australian superguarantee legislation and Indian laws, while they work in India, resulting in double super coverage. When a double cover occurs, the agreement comes into effect and releases Bill and his employer from contributions under Indian law.

Bill`s employer will continue to pay super-guarantee contributions, as requested in Australia.. . . .