Accident compensation
When a client is getting accident compensation payments from overseas, the payments are treated in the same way as New Zealand earnings related compensation payments.
You need to convert the rate of the overseas compensation to New Zealand dollars using the current exchange rate. This can be found using the SELXT screen in SWIFTT.
Note to calculate the NZ dollar amount you will need to multiply the overseas currency by the exchange rate. For more information see: Exchange rates
If the particular country is not available, or you are unsure how the calculation works, you should contact International services
For more information see:
Legislation
- Factors reducing benefits: entitlement to overseas pensions sections 187-191 Social Security Act 2018
- Factors affecting benefits: entitlement to overseas pensions regulations 118-136 Social Security Regulations 2018
- Loss of earnings compensation under Accident Compensation Act 2001 section 198 Social Security Act 2018
- Loss of earnings compensation under Accident Compensation Act 2001 schedule 1, item 31 Social Security Act 2018
