Sydney and Melbourne are the two largest cities in Australia, with Sydney known as the most livable city and Melbourne considered the cultural capital. The Australian economy performed well compared to other developed nations during the global financial crisis. Several visa options exist for foreign workers to work temporarily or permanently in Australia, including working holiday, skilled migrant, and employer sponsored visas.

1. Working in Australia

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
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.

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
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.

11. 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.

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.) -
(€ Daily Rate (€ equiv.) -
Qualified Professional 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
Daily Rate (
(€equiv.) – Daily Rate (€ equiv.) -
Role
Qualified Professionals 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 € Senior Manager Snr Mngr Head of:
Newly Qual (2-4 yrs (4-6 yrs (7-10 yrs (10 yrs +
PQE) PQE) PQE) 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
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 Ireland
Morgan McKinley Morgan McKinley, Premier Group,
Level 10,17 Castlereagh Street, Connaught House, One Burlington
Sydney, NSW 2000 Road
Tel : +61 (0)2 8986 3100 Dublin 4
Email Tel: +353 (0)1 4321555
: sydney@morganmckinley.com.au Fax: +353 (0)1 4321505
Email : ireland@morganmckinley.ie