Reciprocal Australia : Contents
Other payments
When a client is receiving other payments, such as interest or rent from investments or properties they own in Australia, the payments will be treated in the same way as income earned in New Zealand.
You need to convert the income to New Zealand dollars by applying the current exchange rate using the SELXT screen in SWIFTT.
If you are unsure how the calculation works you should contact International Services by phone on 0800 777 227.
If a client is receiving a benefit or pension from a third country this will only be a direct deduction from the New Zealand benefit or pension if the client has 10 years New Zealand residence.
For more information contact International Services by phone on 0800 777 227 or see:
Legislation
- definitions schedule 2 Social Security Act 2018
