Yep, you bet ya. If in superannuation pension phase, which is tax exempt, they get to keep 100% of the grossed up 15.7 cents. If not in superannuation pension phase, after 15% tax, they keep 13.35 cents, and out side superannuation for an pension age individual, I believe they can earn +$60k, before paying tax, so if that individuals income is below said $60K threshold, they would get to keep 100% of the grossed up 15.7 cents, something like that, though that income could impact any age pension benefits.
Good News & Bad News, page-26180
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