Sydney• Sydney ranks amongst the Top 10 ‘Most Livable Cities’ in the World• Population of circa 4.2 million people• It is Australia’s largest and most affluent city and covers a geographic area of 1,600 square kilometres
Melbourne• Australia’s second largest city with 3.9 million people and claims to be the ‘cultural capital’• Its home to 5 of the largest Australian companies• The Sporting hub of Australia with Australian Open Tennis , Major Golf Championships , Australian Grand Prix , Motorcycle Grand Prix and the famous Melbourne Cricket Ground
Key Economic Facts• The Australian economy’s performance during the global financial crisis has been unique among developed nations nations.• Australia was the only advanced economy to have reported positive through through-the- year growth in the midst of the global crisis (Predicted +4.6% in 2011) crisis.• Australia has low levels of debt and the labour market has remained buoyant with the unemployment rate lower than nearly all major advanced economies• Business and consumer confidence has returned and Australian businesses continue to employ workers and invest in capacity capacity.• Regulation of Australia’s financial markets is viewed around the world as a model of responsible and prudential financial regulation.• Among the world’s 100 largest banks by assets, nine banks are rated AA or above – and four of these are Australian.
Some of our Industry & ProfessionalService Clients
The ‘Paddy Factor’….• Irish qualified accountants are a proven entity: Good work ethic Good communication skills Professional qualifications are highly regarded Cultural fit• 94.7% of Australian employers are more likely to employ someone who has worked overseas
Why Australia?• Lifestyle• Career Progression• Financial Gain• Positive Economic Outlook• Family Ties• Adventure
Working Holiday Visa• To be eligible, applicants need to meet the following requirements: • hold a passport issued by an eligible country or region • be aged 18-30 (inclusive) at the time of applying 30 • not be accompanied by dependent children at any time during their stay in Australia • meet health, character and financial requirements • not have previously entered Australia on a Work and Holiday (462) visa • not have prevsiouly entered Australia on a Working Holiday (417) visa (unless applying for a second visa, see Second Working Holiday visa below) • be outside Australia when they apply and when their visa is granted • apply within 12 months of intended travel to Australia.
Temporary Long Stay Visa Options• The 457-Business (Long Stay) visa allows skilled people to work in Australia for Business an approved employer for a period from one day to four years. The prospective employer must first apply to become a standard business sponsor, which allows them to sponsor an agreed number of overseas workers for a three year period. Once an approved sponsor, the employer must nominate the position to be filled by the overseas worker. The position must relate to an approved occupation and the overseas worker must work in the position they were nominated for for.• From 14 September 2009 the nomination cannot be approved if the name of the employee nominated to fill that position has not been declared in the application. The nominated salary for the position must also adhere to obligations regarding market salary rates for Subclass 457 visa holders• The Temporary Skilled Migration Income Threshold (TSMIT), is currently set at $47 480 per annum, from 1 July 2010. The TSMIT is set at that level to ensure that all Subclass 457 visa holders have sufficient income to independently provide for themselves in Australia.
Other Visa Types• Skilled Migrants Visa – This programme allows skilled migrations fro people who are not sponsored by an employer who have skills and occupations that are required in Australia. The Department of Employment has identified Accountants as a profession that is currently in short supply and is on the “Migrants Occupations in Demand list”.• Family Visa – There are a number of visa options for fiance(e)s, partners, children, parents and other family members of Australian citizens, Australian permanent residents or eligible New Zealand citizens.• For more information regarding eligibility, application procedures and requirements it is advisable to visit the Department of immigration and citizenship at www.immi.gov.au
TaxationTaxable Income Rate of Tax A$0 – A$6000 NIL A$6,001 – A$37,000 15% for each $ > A$6,000 A$37,001 – A$80,000 A$4,650 + 30% of each $ > A$37,000 A$80,001 – A$180,000 A$17,550 + 37% of each $ > A$80,000 A$180,001 plus A$54,550 + 45% of each $ > A$180,000
LAFHA• A living away from home allowance is an allowance the employer pays to an employee to compensate for additional expenses incurred, and any disadvantages suffered, because the employee is required to live away from their usual place of residence in order to perform their employment employment-related duties.• The employee would be regarded as living away from the usual place of residence provided that they intend to return there at the end of the term of the transfer.• The residence does not have to be the employees permanent place of residence.• A 457 Visa holder is normally allowed to claim this allowance from the Employer, and it is the Employer who has to handle all the paperwork.
Accommodation• You can expect to find a place to stay within two weeks of beginning your search for accommodation in Sydney. Rent ranges from $150 – $300+ wk depending on location.• Whether you are looking for accommodation on your own, with other people or trying to find a flat mate all the information you will need is on the following websites.www.domain.com.auwww.flatmates.com.auwww.domain.com.auwww.flatmates.com.au• For hostels with excellent discounts? Contact YHA Travel at www.yha.com.au
Banking• To open a bank account in your first six weeks of arrival, you will only need one form of identification your passport. After six weeks you will be asked for additional piece of identification; driver’s licence and/or birth certificate, credit cards are all acceptable.• Major retail banks include:Westpac www.westpac.com.auCommonwealth Bank www.commonwealthbank.com.auANZ www.anz.com.auNAB www.nabgroup.com
Cost of LivingConsumer Prices in Sydney are 4.58% lower than in DublinConsumer Prices Including Rent in Sydney are 5.49% higher than in DublinRent Prices in Sydney are 44.78% higher than in DublinRestaurant Prices in Sydney are 16.40% lower than in DublinGroceries Prices in Sydney are 0.93% lower than in DublinLocal Purchasing Power in Sydney is 15.28% higher than in Dublin(Source: www.numbeo.com)