Money and tax
Banks, TFN, ABN, tax returns and superannuation for people on a Working Holiday in Australia.
ABN in Australia: what it is and when it is used
An ABN is an 11-digit number for people who run a business. Registering is free. Having an ABN or sending invoices does not decide whether you are an employee or a contractor.
Cost of living in Australia by city, with source and date
Rent, inflation, transport and basic prices by city, with source and date. Sydney is the capital with the highest rent and Hobart the lowest, according to the SQM index.
How to open a bank account in Australia when you arrive
The basics are a passport and an Australian address. Some banks let you start online before you fly, but the account does not work until your identity is verified.
Superannuation in Australia: how to get it back when you leave (DASP)
On a temporary visa, you can claim your Australian retirement savings once you have left the country and your visa has ended. It is requested in the ATO system. On a Working Holiday, the withholding is 65%.
Tax return on a Working Holiday visa in Australia
On a 417 or 462 visa, Australian-source income is taxed at 15% up to A$45,000, with no tax-free threshold. The tax year ends on 30 June and the deadline is usually 31 October.
TFN in Australia: what it is and how to apply for free
The TFN is the tax number issued by the ATO. You apply online once you are in Australia and the process is free. Without one you may pay more tax.