New Zealand has bilateral social security agreements with several countries. Each agreement allows New Zealanders access to certain benefits or pensions in the event of a move to these countries and allows similar rights for people moving from those countries to New Zealand. We can only grant an extension with the mutual agreement of the competent authority in the United States and in certain circumstances. A 65-year-old woman lives and works during her working life (between the ages of 16 and age). It has 32 quarters of coverage (about 8 years) in the United States. Today, she lives in the United States. Under these agreements, Australia equates social security periods/stays in these countries with periods of Australian residence in order to meet minimum qualification periods for Australian pensions. In other countries, periods of Australian working life are generally counted as social security periods to meet their minimum payment periods. Typically, each country pays a partial pension to a person who has lived in both countries. In an effort to regulate relations between their two countries with regard to social security benefits and insurance coverage, they agreed that any disagreement on the interpretation or application of this agreement is settled by consultation with the relevant authorities. All applicants to the Australian arrangement seek other qualifications (for example. B the age limits, income or heritage controls required for this pension under Australian social security legislation. Australian pensions are resource tests: that is, an asset test is done, then an income test, and, depending on the test, the lowest rate is used for valuation.
The pension rate is not affected by the simultaneous control of income and assets. The Department of Human Services website contains information on the current limits of income and asset testing. All of these agreements are based on the concept of shared responsibility. Responsibility-sharing agreements are reciprocal. Under each agreement, partner countries make concessions to their social security qualification rules so that those covered by the agreement have access to payments that they may not be eligible for. The responsibility for social security is thus distributed among the countries in which a person has lived during his or her working years and where the person is able to obtain potential rights. In general, it is possible to access a pension from one country in the second country, although the paying country retains some discretion with regard to the exchange and delivery mechanisms used. These guides provide additional fees for how you receive benefits or pensions from New Zealand if you have lived in countries with special social security agreements or agreements with New Zealand.
The agreement does not apply to independent Australian residents working in the United States.