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Are you a qualified accountant and are interested in an international career move in Australia? We give you useful pieces of advice and information tailored to accountants who want to move abroad to Australia.
On this presentation, you will learn:
# Key facts about Australia, Sydney and Melbourne
# The Australian economic situation and opportunities for Irish accountants
# Visas
# Average salaries for the following sectors: financial services, commerce & industry, tax
# Information on accommodation and banking
# Next steps to move to Australia
2. Sydney
• Sydney ranks amongst the top ten ‘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.
3. Melbourne
• Australia’s second largest city with 3.9 million people. It claims to be
the ‘cultural capital’.
• It is home to five 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.
4. 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 +3.5% in 2012).
• Australia has low levels of debt and the labour market has remained buoyant with the
unemployment rate lower than nearly all major advanced economies.
• Australia continues to have a ‘two speed’ economy driven by mining & resources.
• 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 industry & professional
service clients
7. 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
8. Why Australia?
• Lifestyle
• Career progression
• Financial gain
• Positive economic outlook
• Family ties
• Adventure
9. 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 Visa (462) .
• Not have previously entered Australia on a Working Holiday Visa (417) (unless
applying for a second visa).
• Be outside of Australia when applying for the visa.
• Apply within 12 months of intended travel to Australia.
10. 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.
11. Other visa types
• Skilled Migrants Visa – This programme allows skilled migrations for people
who are not sponsored by an employer but 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 fiancés, 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.
17. 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
18. 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+ per week
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
19. 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 forms of identification, driver’s licence and/or birth certificate and
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
20. Cost of living - http://www.numbeo.com
Lifestyle: http://www.gaelicfootball.com.au
21. 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 in Austrailia
• Get your visa arranged & book a flight!
22. Morgan McKinley offices
Australia
Morgan McKinley,
Level 2,17 Castlereagh Street,
Sydney, NSW 2000
Tel : +61 (0)2 8986 3100
Email: sydney@morganmckinley.com.au
Ireland
Morgan McKinley, Premier Group,
Connaught House, One Burlington Road
Dublin 4
Tel: +353 (0)1 4321555
Fax: +353 (0)1 4321505
Email : ireland@morganmckinley.ie