Members of the Tranzfers team have worked abroad and know how costly and complicated it can be to send funds between the UK, Australia, New Zealand, Singapore, South Africa and Canada.
We know that millions of dollars are lost by consumers each year in foreign exchange transactions by paying excessive fees and receiving poor rates through uncompetitive banking institutions. Tranzfers changes that by providing expatriates with a simple and more efficient way to send money home.
The popular Tranzfers.com service is owned and operated by OzForex Pty Ltd. Sydney-based OzForex is one of the world's leading online FX services, thanks to an unrivalled commitment to fast, high quality service with better rates and cheaper fees across its entire range of services. The safety of your money is vital and as such OzForex is committed to meeting its regulatory requirements including minimum capital requirements, risk management procedures and staff training, to name a few.
Foreign exchange dealing is regulated in Australia by the Australian Securities and Investment Commission (ASIC) and companies providing services to deal in foreign exchange should be able to show that they hold an Australian Financial Service Licence.
OzForex's licence can be viewed by clicking on the following, AFS Licence number 226 484. This will also list the Australian Business Number (ABN) for OzForex.
You can visit the ASIC website to learn more about the regulatory environment in Australia and what it means for your protection and consumer rights.
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Need a visa for Australia
WHV's can ONLY be applied for; before arriving in Australia. Working Holiday Visa's* can only be granted before you arrive in Australia. For details about applying visit Australia's official website here (www.immi.gov.au) or visit a Travel Agent or an Australian Embassy or Consulate in the country you are in.
If your monthly wage is more than $A450, your employer must contribute an additional sum equal to 9.5% 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.