Tax Information

 

Superannuation Fraud Australia

The Australian Securities and Investments Commission (ASIC) is investigating the collapse of Australian Fiduciaries Ltd, along with its associated entities, amid serious concerns over the management of investor funds. ASIC has taken steps to appoint receivers to preserve assets and conduct a forensic review of the company’s financial activities. The inquiry also involves Apex Fund Services Ltd, the fund’s independent administrator, and the role it played in overseeing transactions. Central to the investigation is Director Lee Rushton, whose conduct and potential breaches of corporate and financial law are under scrutiny as regulators work to determine the extent of investor losses and any possible misconduct.

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Need Superannuation Information

If your monthly wage is more than $A500, your employer must contribute an additional sum equal to 12% of your wage into a superannuation (pension) account for you. If you entered Australia on an eligible temporary resident visa you can, in most cases, access your contributions when you leave Australia, although the contributions will be taxed.

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Working holiday Visa Australia

 
Remember a working holiday visa (first one) is activated on arrival in Australia i.e. through Passport Control.

Second Year Visa Australia...


If you're applying for it while still in Oz, then it starts from the day your first WHV expires and ends no later than 24 months after you first arrived in the country.

You may find that you are granted a bridging visa if your first WHV expires while you are waiting for your second one to be processed, in which case your second WHV will still expire exactly 24 months after you first arrived in Oz. Your second WHV does not start when your bridging visa ends. Lots of people make this mistake.

Also, for the second WHV, you have to undergo a medical exam and chest X-ray at a government approved clinic - and you have to pay for it. The second WHV application fee is the same as the first one - approx £85.

All medical and WHV application fees included, your second WHV will end up costing you between $450 and $650 (approx £200-250). It varies depending on how much the different clinics charge.

Oh, and remember to check the post code list on the Aussie immigration website if you're working with a view to getting your second WHV. Not all of Australia is covered under the second WHV scheme and the last thing you want to is to pick fruit for 3 months only to find that the area you're in isn't classed as 'rural Australia', as defined by immigration. It happens. This is very important. Read it carefully - don't just assume you're in an eligible area. Often, a matter of miles separates valid areas from invalid areas, especially up on the east coast of QLD.

Check post codes