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Ken last won the day on September 28 2016

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About Ken

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  1. I think you have to take into account the fact that the outer east is almost twice as far from the city as the outer west. That's surely going to deter people?
  2. There are so many new apartments buildings in and around the CBD at the moment I can't work out why rents aren't collapsing. Perhaps foreign investors who are happy to just have them stand empty?
  3. They're not going to give you a credit until you can show you have some income, but one bit of good news for you is that you already have an excellent credit rating in Australia. What they look at is payments that you've missed or paid late in your past. You've never missed a payment on an Australian credit card/loan/utility bill/rental agreement or anything else Australian have you? How could you, you've never had one. A clean sheet is excellent. You won't have any trouble getting credit once you have a payslip (and 100 points of I.D. - but that's another story). The one thing all new arrivals seem to struggle with is getting a mobile phone contract. They all want some genuine (Australian) history - but pay as you go Sims are easy to get.
  4. Be very wary of any offer to transfer currency "without transfer fees". In most cases they're making a big profit in the difference between the buy and sell rate of the currency (the spread) and so have no need to charge a transfer fee because it's just loose change in comparison. Always compare the actual amount you'll receive (after deducting any fees) to see who is offering the best deal. The difference between an exchange rate that is 2% away from the mid-market point and one that is 1% away from the mid-market point is $1,000 on a $100,000 transfer. A transfer fee might only be $10. I'd rather pay $10 if it's going to save me $1,000. I'd also be very wary of banking with HSBC in the light of some the information they've been collecting about their customers under the headline "HSBC Safeguard". It certainly wouldn't make me feel safe if I was one of their customers - but then again your bank will always know an awful lot of personal information about you it's just that most aren't stupid enough to demand you to write it all down on one form!
  5. Me too. I was aware that the new rules for taxing WHV holders had come in but as I don't have any clients who employ WHV holders I hadn't bothered to look into the detail of how they worked until now. Quite eye opening. While all the publicity has been about WHV holders having more tax deducted, it's only those on low pay that applies to (since they now get taxed from the first dollar earned). Because WHV holders can only be with one employer for a maximum 6 months and each employer will start from scratch (on what you've called a month 1 basis) any higher paid WHV holders out there will end up with less tax being deducted.
  6. Yes you will have to declare that income. Permanent residents pay tax on their worldwide income. Temporary residents only on their Australian income. Partner visa's are a little strange because they're not immediately permanent visas - but they're normally taxed as if they are. Except if they don't become permanent and you depart Australia then you were a temporary resident after all and can reclaim any excess tax you paid.
  7. As Lou has already pointed out you don't report Foreign Income when you're on a 457. The procedure to avoid double taxation on UK rental income is that you claim the tax you've paid in the UK as an offset against your Australian tax liability (there's a space in the foreign income section of your tax return to put it - or there would be if you were a permanent resident and so had a foreign income section). HMRC have "first dibs" on UK rental income, the ATO only get the second bite (but the double taxation agreement means their bite plus the UK tax doesn't exceed the normal Australian tax rate). Often however the UK tax is zero as most people that I know don't have enough UK rental income (after deducting all the allowable expenses including mortgage interest) to exceed their tax free allowances. HMRC won't allow you to offset Australian tax against UK income, that's not how the double taxation agreement works (you can offset Australian tax against foreign income - but if you're not UK resident you won't have any foreign income on your UK tax return). If you've paid too much tax in Australia then you need to file an amended tax return to get it back from the ATO.
  8. Sorry, but that's not a good example. The Governor of California is local government. It would be a bit like a dual citizen being Premier of Victoria. That's allowed. It's only at the Federal level that dual citizens are excluded. That said (as many Australian Republicans have pointed out) it make no sense that dual citizens aren't allowed in the national parliament while the head of state has about 16 different citizenships.
  9. In that case $2,535 is the correct monthly tax deduction for this year and your net pay is $6,597.42 I've looked in to what happened with the WHV for you and weirdly it looks as if the $1,370 was the correct deduction (based on you only having worked for them a couple of months). Most taxes in Australia do not take into account the year to date, they just assume you earn the same amount every pay period for the whole year however the WHV system has a year to date component. While your total pay from an employer in a tax year is less than $37,000 your monthly tax (on your salary) would be $1,370 - so in your case (if you were still taxed as a WHV holder) that's for the first 4 months of the year. Once your total pay goes over $37,000 but is still under $87,000 your monthly tax deduction increases to $2,968 - so in your case that's for the next 5 months of the year. Once your total pay goes over $87,000 but is still under $180,000 your monthly tax deduction increases again - this time to $3,379 - in your case that would be for the final 3 months of the year. As a normal employee your total tax deductions are: 12 x $2,535 = $30,420 As a WHV holder they would be: 4 x $1,370 + 5 x $2,968 + 3 x $3,379 = $30,457 Note that in both case these are only the deductions that your employer is required to make they are not the actual amounts of tax you have to pay. Your actual tax bill is calculated at the end of the year when your tax return is submitted and the amount that your employer has already deducted is offset against that. Most people get a tax refund but you can be landed with more to pay.
  10. If you want to PM me with how much your pay is I can check the calculation for you. There's no reason for the tax to have gone up because of the change of visa (if on a low pay it would have gone down, in all other cases it would be the same). We are in a new tax year but most rates haven't changed.
  11. If you'd taken the trouble to read the link that was posted (and the link within that) you'd know this was about the change to employer sponsored visa rules from 1st July which were originally announced as also applying to visa applications lodged (but not approved) before 1st July. Now the visa applications lodged before 1st July will be processed under the old rules. This has absolutely nothing to do with your wife's situation and I have no idea why it's been posted on this "Changes to pathway to citizenship" thread. PS: Just realised what the connection is. The change to the employer sponsored visa rules mean that certain applicants are now only eligible for a 2 year visa which can be extended for a further 2 years but gives no pathway to citizenship. These people who applied before 1st July do now have a pathway to citizenship available to them as they'll be eligible for a 4 year visa and be allowed to apply for permanent residency.
  12. Yes, we got that with our Movecube back in 2012. You can expect the "offer" to be around for a long time as it's really for Sevenseas' own benefit. In most locations it works out cheaper for them to help load/unload the Movecube rather than to make two trips (one to deliver the Movecube and another to come back and collect it) or to just have their driver stand around doing nothing while you slowly do all the loading/unloading (time is money).
  13. Under the old rules (and I would assume this part of the rules won't change) you were allowed to be outside of Australia for up to a year of your 4 year residency period provided no more than 90 days of that were in the last year. Don't know exactly how you count the days for this purpose though - e.g. I don't know if the day of departure and the day of arrival both count as a full day outside of Australia or not.
  14. I checked the fees my son's former Kinder now charges. For 2017 for 3YO Kinder (even though she'll have turned 4 it's the age in April that is relevant) the fee is $450 per term but that is for only 6 hours per week. 4YO Kinder is state subsidised and so the fee is $410 per term for 15 hours per week (at that particular Kinder - rates will vary between Kinders and that's the 2017 price I don't know what it will be in 2018). There may be spaces available in 3YO Kinder for term 4 (starts 9th October) as some students leave as parents relocate during the school year - if you really want a place you'll just need to ask around different Kinders (best to do that before term 3 ends - 22nd September).
  15. Only obvious issue is that your Citizenship is granted at your Citizenship ceremony. Are you going to have an address for the invitation to be sent to so that you can come back and attend it?