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Working in Australia

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  • 1. Working in Australia
  • 2.  
  • 3. 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
  • 4. 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
  • 5. Key Economic Facts
    • The Australian economy’s performance during the global financial crisis has been unique among developed nations.
    • Australia was the only advanced economy to have reported positive through-the-year growth in the midst of the global crisis. (Predicted +4.6% in 2011)
    • 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.
    • 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.
    • .
  • 6. Some of our Financial Service Clients
  • 7. Some of our Industry & Professional Service Clients
  • 8. 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
  • 9. Why Australia?
    • Lifestyle
    • Career Progression
    • Financial Gain
    • Positive Economic Outlook
    • Family Ties
    • Adventure
  • 10. 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
        • 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.
  • 11. Temporary Long Stay Visa Options
    • The 457-Business (Long Stay) visa allows skilled people to work in Australia for 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.
    • 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.
  • 12. 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
  • 13. www.immi.gov.au
  • 14. Contract Rates – Financial Services Role Daily Rate (€ equiv.) - Qualified Professional Daily Rate (€ equiv.) - Manager Financial Accounting 245 - 350 420+ Management Accounting 245 - 350 375+ Corporate Accounting 280 - 385 420+ Systems Accounting 280 - 350 420+ Business/Financial Analyst 315 - 490 525+ Fund Accounting 210 - 315 350+ Product Control 280 – 420 420+ Audit 280 - 420 420+ Tax 270 - 350 385+ Financial Controller 420+ Finance Director/CFO 525+
  • 15. Contract Rates – Commerce & Industry Role Daily Rate (€equiv.) – Qualified Professionals Daily Rate (€ equiv.) - Managers Financial Accounting 225 - 315 350+ Management Accounting 225 - 315 350+ Corporate Accounting 280 - 385 420+ Systems Accounting 280 - 350 420+ Business/Financial Analyst 280 - 420 455+ Audit 210 - 315 350+ Tax 245 – 385 420+ Treasurer 265 - 385 420+ Financial Controller 385+ Finance Director/CFO 420+
  • 16. Salaries – Financial Services Salaries in ‘000 € Analyst Snr Analyst Manager Director Financial Accounting 50 - 60 55 - 65 70 - 85 125+ Management Accounting 55 - 65 65 - 75 75 - 90 125+ Corporate Accounting 50 - 60 55 - 65 70 - 85 125+ Systems Accounting 50 - 60 55 - 65 70 - 85 125+ Business/Financial Analyst 60 - 70 70 - 80 75 - 90 125+ Fund Accounting 42 - 50 50 - 60 65 - 75 110+ Product Control 55 - 65 65 - 75 75 - 90 125+ Audit 50 - 60 55 - 65 70 - 85 125+ Tax 55 - 65 65 - 75 75 - 90 125+ Treasury 50 - 60 55 - 65 75 - 85 125+
  • 17. Salaries – Commerce & Industry Salaries in ‘000 € Newly Qual Senior (2-4 yrs PQE) Manager (4-6 yrs PQE) Snr Mngr (7-10 yrs PQE) Head of: (10 yrs + PQE) Financial Accounting 55 - 70 65 - 85 85 - 100 100+ Management Acctg/ Business Analysis 55 - 70 65 - 85 85 - 100 110+ Corporate/Group Accounting 55 - 70 65 - 85 85 - 100 110+ Internal Audit 55 - 70 65 - 85 85 - 100 100 - 120 120+ Tax Accounting 55 - 70 65 - 85 85 – 100 100 - 120 120+ Treasury Accounting 55 - 70 65 - 85 85 - 100 100 - 120 120+ Commercial Mngt/ FP&A 55 - 70 65 - 90 90 - 110 100 - 140 110 - 175
  • 18. Taxation Taxable 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
  • 19. 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-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 employee's 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. 
  • 20. 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.au
    • www.flatmates.com.au
    • www.domain.com.au
    • www.flatmates.com.au
    •  
    • For hostels with excellent discounts? Contact YHA Travel at www.yha.com.au
  • 21. 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.au
    • Commonwealth Bank www.commonwealthbank.com.au
    • ANZ www.anz.com.au
    • NAB www.nabgroup.com
    •  
  • 22. Cost of Living Consumer Prices in Sydney are 4.58% lower than in Dublin Consumer Prices Including Rent in Sydney are 5.49% higher than in Dublin Rent Prices in Sydney are 44.78% higher than in Dublin Restaurant Prices in Sydney are 16.40% lower than in Dublin Groceries Prices in Sydney are 0.93% lower than in Dublin Local Purchasing Power in Sydney is 15.28% higher than in Dublin (Source: www.numbeo.com)
  • 23. Cost of Living
    • http://www.numbeo.com
  • 24. Cost of Living
    • http://www.numbeo.com
  • 25. Irish Lifestyle
    • http://www.gaelicfootball.com.au
  • 26. What Next?.......
    • Discuss it with friends & family
    • Decide when you are going to travel
    • Prepare your CV
    • Get in touch with a Morgan McKinley consultant
    • Get your visa arranged & book a flight!
  • 27. Contact Details Australia Morgan McKinley Level 10,17 Castlereagh Street,  Sydney, NSW 2000  Tel : +61 (0)2 8986 3100 Email :  [email_address] Ireland  Morgan McKinley, Premier Group,  Connaught House, One Burlington Road  Dublin 4 Tel: +353 (0)1 4321555 Fax: +353 (0)1 4321505 Email :  [email_address]