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Ken

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Everything posted by Ken

  1. The difference is the OP had insufficient ties to Australia to be eligible for an RRV. The son on the other hand has a job offer. It might not be enough, but he's definitely got stronger ties to Australia than the OP ever had.
  2. The short answer is that no, the company doesn't have any reporting requirements in Australia, either with ASIC or the ATO, however you have a Controlled Foreign Company and in your personal tax return should be reporting the Attributed Foreign Income attributed to you from that company. It's irrelevant whether or not it's actually been paid to you. The long answer you have to pay a Registered Tax Agent for!
  3. Just tell them to turn the licence over and look on the back of the licence.
  4. I think it did take a while for the first transfer, but every transfer I've done since has been instant even though they've given onscreen warnings that it may take longer.
  5. I don't think there is anything lacking in the fraud protection offered by Wise compared to any other bank and I don't think anything has been posted here to say so. The one thing they do lack is a government backed compensation scheme in the event they go bankrupt. These are offered (up to certain limits) on mainstream bank accounts in both the UK and Australia.
  6. It seems then that the systems has changed and they no longer take the date of the medicals and police checks into account when calculating the first entry date. Back in 2009 my visa grant date was 01 July 2009 but the initial entry date was 05 September 2009. Rather than stating "must not arrive after" the visa grant stated "If a visa holder wants to travel, or remain outside of Australia for a period of time after 01 July 2014, and has not become an Australian citizen, they must hold a current Resident Return Visa (RRV) to be able to return to Australia as a permanent resident". Similarly my son's visa grant date was 11 January 2012 but with visa condition "must enter Australia before 12 August 2012" and "allows permanent residence in Australia and also allows travel to and from Australia until 11 January 2017".
  7. No need to replace the whole kettle. Most kettles use an IEC plug. You can buy leads with an IEC plug at one end and an AU 3 pin plug at the other almost anywhere. A quick google tells me they're $5.92 in Bunnings. Jackson 1.2m Replacement IEC Lead - Bunnings Australia
  8. University courses are notoriously bad about teaching anything practical. I wouldn't be surprised if you could finish your course knowing all the theory and history of electrical & electronic engineering without a clue as to how to wire anything.
  9. Wiring a plug was something that was taught to cub scouts when I was a kid (there was probably a badge for it) you didn't even need to be old enough to be a scout.
  10. Why did they move the Victorian terminal from Melbourne to Geelong?
  11. The driving laws in Australia (which also vary by state) are very different from those in the UK, so you familiarise yourself with them before driving. "Driving without insurance" is a UK offence. In Australia it doesn't exists because the law requires the compulsory insurance as part of registration and driving an unregistered vehicle is the offence. In Australia driving without a licence means (in most states) not having the license on your person. The computer age is finally catching up, so a digital version on your phone is already an option in some states, but it's still the case that just being on the state's computer isn't enough.
  12. A lot of modern TVs have a standard power connector socket so you can just swap cables.
  13. Yes, that's how you have to do it on the software I use as well. I'm somewhat mystified as to why you say "Our tax agent" but are using the Mytax site. If you file using Mytax then you don't have a tax agent.
  14. Normally they build TVs for the world market these days, but go to tuning and see what options they give you. Australian digital TV tuning is the same as German digital TV so if that's an option it will work even if Australia isn't listed, similarly (and as you've said) it should be able to download the correct apps for Australia. The Apps aren't hard wired because they frequently have to be updated anyway.
  15. For UK tax I'd start here:- Work out your tax if you're a non-resident selling UK property or land - GOV.UK (www.gov.uk) Any gains made before 6th April 2015 are exempt as there was no CGT on residential property for foreign residents before that. If you become a UK resident again before disposal no tax is payable (and if you had a loss you can still utilise that a loss against general income). I can't see any definite ruling on what happens if you then cease to be a UK resident - but logically it should only apply to the period from February 2019 (if that is the date you last ceased to be a UK tax resident). You can choose for Australian tax to wait until you dispose of your house in Perth to pay any CGT, but if you do that it's going to be very hard to claim an offset for any UK tax paid. I personally would pay the CGT for the period from January 2021 to disposal in my FY2024 tax return. That should be a fairly small portion of the gain and you'll be able to claim the 50% discount and offset 50% of the UK tax paid. If that's still going to leave you with some tax to pay consider (before 30th June) paying some of that gain into your Super and claiming a tax deduction for it. Depending on your exact circumstances that can reduce your tax to 15% on the taxable portion on the gain (which is of course really only 7.5% because of the 50% discount and not even that when you calculate the effect of the UK tax offset).
  16. Could be their agent wasn't happy that they'd met the advertising requirements for labour market testing, so they've had to readvertise to gain the necessary evidence.
  17. Despite the current dip forecasters are still looking at the rate to exceed $2 in September. Longer term the forecasters expect it to exceed $2 throughout 2024 and beyond. Of course that far ahead their guess is as good as yours.
  18. Yes, it's a policy decision to avoid the red tape and so save money. Just take the low hanging fruit (the people who are resident in the UK).
  19. Money laundering shouldn't be an issue since they know who you are. A possible concern is that they might be viewed as giving financial advice. They are not licensed in Australia so are breaking the law if they are deemed to be being paid to give financial advice to an Australian resident (the payment doesn't have to be directly for the advice and, clearly, they don't operate pension funds for free). I don't think just operating a draw down would constitute financial advice (and they probably don't either) but the cost of getting it wrong (or even just the cost of hiring an Australian Lawyer for an opinion to get the risk-assessors off their back) is such that they don't want to do it when there is a cheaper option of not providing the service.
  20. Clearly it's not relevant to the friend as we now know she did have PR, but to answer your question, no a temporary resident can never avoid DASP as before receiving your Super you must meet a condition of release. Leaving Australia and no longer having a valid visa is the only condition of release that a temporary resident can meet. It doesn't matter if they have retired or are old enough to have retired or even are over 67, that does not meet a condition of release for them. Edited to add:- Actually departing Australia and no longer having a valid visa is not the only condition of release that a temporary resident can meet. The other conditions they can meet are:- death; terminal medical condition; permanent incapacity; temporary incapacity; an unclaimed money payment; or the superannuation provider receives a Release authority for excess contributions. But as you'll see age or retirement are not on the list.
  21. You don't explain what type of visa she lived in Australia on. If she only ever had a temporary visa then yes, it will be heavily taxed (the Departing Australia Superannuation Payment - DASP) and it's 35% not 32.5% on the Taxable Component - taxed element (and 45% if she has a taxable component untaxed element or possibly 65% if she ever held a Working Holiday Visa). If, however, she had a permanent visa or citizenship then there should be no Australian tax to pay, only UK tax.
  22. Not if they're planning to sell them. They leave it for the buyer to modernise to their taste.
  23. On our insurance policy any driver (over a certain age - I forget how old that is but it makes the policy a lot cheaper) can drive, but there's an additional excess for not being a named driver and a further excess if they have a foreign driver's license or an Australian licence for less than a set number of years. All the policies I've seen over here have been similar. Because the compulsory third party portion is covered by rego it's probably easier for insurers to provide any driver cover here than in the UK. Note that they need to be a named driver if they live at the same address, but obviously if they are visiting from overseas then they don't live at your address. Might catch out someone who is putting up a friend or relative who is a new migrant though!
  24. As @paulhand has said, there is an exemption from the LHC loading, but you are still subject to the Medicare Levy Surcharge if you don't have hospital cover and your income is over the threshold.
  25. If the visa was issued for a particular activity and not for a particular employer, then you are tied to that activity not to a particular employer. Consequently, you can work for any employer, provided (as per your post) that you: continue to undertake those activities not undertake any activities that are inconsistent with the purpose of the visa not be self-employed not undertake work for any person that is inconsistent with the purpose of the visa.
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