Australia and New Zealand are two neighboring countries that share a lot of similarities in terms of culture, language, and history. However, there are still a few key differences between the two countries, particularly in how they approach issues related to social security. The two countries have put together a social security agreement to help address some of these differences and ensure that people who move between the two countries can continue to receive social security benefits.
The social security agreement between Australia and New Zealand was first signed in 2001 and has since been updated several times. The agreement is designed to help people who have worked in both countries and are eligible for social security benefits in both places. It covers a range of benefits, including age pensions, disability support pensions, and carer payments.
One of the key benefits of the social security agreement is that it allows people to combine their periods of social security contributions in both countries to meet the minimum eligibility requirements for certain benefits. For example, if you have lived and worked in both Australia and New Zealand for a certain amount of time, you may be eligible to receive an age pension from both countries. This can be particularly helpful for people who have moved between the two countries for work or family reasons.
Another important aspect of the social security agreement is that it helps protect people`s social security payments when they move between the two countries. Under the agreement, people who are receiving social security payments in one country can generally continue to receive them if they move to the other country. This can provide peace of mind for people who are considering a move between the two countries.
The social security agreement between Australia and New Zealand is an important step towards ensuring that people who move between the two countries can continue to access the social security benefits they are entitled to. If you are planning to move between the two countries or have already done so, it is important to familiarize yourself with the details of the agreement and understand how it may affect your eligibility for different types of benefits.
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