Age Pension - Detection and Prevention of Incorrect Payments Arising from Overseas Income 

What's New?


This measure will ensure that an individual's Australian pension is adjusted automatically when their overseas pension increases - initially pensions from Italy followed by Germany, Malta, The Netherlands, Ireland and Spain.

A media education campaign will encourage all Age Pension recipients with overseas income to voluntarily notify Centrelink of changes in their income.
 

Background


This measure will build upon the data-matching pilot with The Netherlands announced in the 2002-03 Budget and will help prevent debt occurring for those pensioners who also receive a pension from overseas. The education campaign will also complement the Keeping the System Fair education campaign announced in the 2004-05 Budget.
 

Implementation


1 July 2005.
 

Total Financial Impact


Net savings of $62.1 million over four years.

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