The Age Pension is a fortnightly payment for Australians aged 67 or older.
Not only do you need to meet age requirements, you also need to be an Australian resident who has lived here for at least 10 years, with at least five of those years in a single continuous period.
You're also subject to an asset and an income test, the results of which determine how much Age Pension you can get, if any. Centrelink assesses you under both tests then applies whichever gives the lowest rate of payment for your individual circumstances.
The income test assesses all income pooled from all sources, including wages, superannuation, investment income, commission payments, and any other types of income including those from overseas.
Meanwhile the asset test assesses everything you own, whether it's in full, in part, or you have an interest in it.
To receive the full Age Pension, single Australians can earn up to $226 per fortnight. Couples can earn up to $396 per fortnight.
As of the 20th of September, to receive the full Age Pension, single homeowners can now own assets up to a value of $333,000, and non-homeowners can own assets up to $600,000 in retirement.
A couple combined can now own up to $499,000 in total if they own a property, or $766,000 if they don't.
Centrelink has strict rules to deter Australians from giving away money to influence their Age Pension eligibility.