Social Security Agreement between Australia and the Republic of KoreaSocial Security Agreement • May 23rd, 2024
Contract Type FiledMay 23rd, 2024Australia’s social security system is different to most other countries. Each person’s pension is paid by the Australian Government out of general funds, rather than through contributions paid into a social insurance fund. For this reason, Australian pensions are income and asset tested.
Social Security Agreement between Australia and the Republic of KoreaSocial Security Agreement • July 4th, 2022
Contract Type FiledJuly 4th, 2022Australia’s social security system is different to most other countries. Each person’s pension is paid by the Australian Government out of general funds, rather than through contributions paid into a social insurance fund. For this reason, Australian pensions are income and asset tested.