All Aussie Related Stuff (excluding the old age pension)

[Will27]

Twiggy’ and Nicola Forrest make $70 million pledge to national bushfire relief

 

https://www.news.com.au/finance/business/mining/andrew-twiggy-forrest-makes-70-million-pledge-to-national-bushfire-relief/news-story/fe844a30a61e3341ba34b882d7efdd22

 

 

[Nemises]

CASH NO LONGER KING

 

(from today's AU newspapers - may be of interest to those who deal in large amounts of cash when visiting Oz)

 

The Senate Economics Committee is holding a hearing on January 30 in Sydney to discuss restricting people from using Australia’s own currency. The bill, intended to stop illegal activity, would stop law abiding Aussies from making cash purchases over $10,000, even if those purchases were made over multiple payments.

Those in favour of the legislation arbitrarily selected $10,000 as the limit because few people make $10,000 purchases in cash. Also, even numbers look pretty on paper.

In Australia, 37 per cent of people still regularly use cash. Due to lack of space in Sydney, your final resting place easily costs between $8000 and $38,000, meaning it would be illegal to pay in cash. A lover who uses cash to keep their partner from finding out they bought an engagement ring will be breaking the law. A NSW farmer couldn’t legally buy a combine header from his neighbour using cash.

The limit is not tied to inflation either, meaning the $10,000 would effectively dump law abiding Aussies into an economic trash compactor.

In one year, assuming inflation remains consistent, the threshold would effectively drop to $9800. In 10 years, the threshold in terms of real buying power would be approximately $2000 lower than what pollies are currently proposing. If Australia were ever to face high or hyper-inflation, trading in cash at all would quickly become illegal. And, once implemented, the cash threshold will more likely lower than increase.

A cash ban would also infringe on the privacy of law abiding citizens who should have a right to make purchases of any amount using any form of legal tender without the government or big banks peeping into their transaction history. Only your barista should know your coffee order.

Large multinational corporations, such as Facebook and Google make money selling data they collected from people in exchange for the use of their platforms.

By restricting cash, the government forces individuals to give banks data about their purchasing habits for free. Australians can only hope that information isn’t sold, accidentally leaked, or otherwise used against them. What’s more, banks would easily have the power to pick winners and losers in business. Already many vape shops operating legally across NSW have been de-banked. Some banks won’t allow them to use card reading terminals; others won’t even allow them to hold accounts. These businesses must rely solely on cash to operate.

Peripheral industries are not the only ones worried. Recently, one bank completely de-banked a pub owner because he was shopping around for better interest rates.

This law would help corrupt corporate entities without impeding crime, terrorism or tax evasion. Laws impact law abiding citizens more than lawless criminals. Money launderers already use untraceable cash. The European Commission concluded in 2018 that “restrictions on payments in cash would not significantly prevent terrorism financing”. As for tax fraud, large multinational corporations engage in tax avoidance and, sometimes, evasion by using experts to take advantage of loopholes in the tax code, not by transporting briefcases full of money.

The fact is, tax evasion using cash also happens with small transactions. For example, a restaurant could neglect to declare profits on meals purchased with cash. Only a total cash ban would impact this kind of tax fraud.

Such a move would harm the 37 per cent of Australians who regularly use cash as well as the 63 per cent of Australians enjoying better service from banks due to the competition with cash.

Emilie Dye is the Policy Director for the Australian

Taxpayers’ Alliance.

[ThaiBunny]

3 hours ago, Nemises said:

The Senate Economics Committee is holding a hearing on January 30 in Sydney to discuss restricting people from using Australia’s own currency. The bill, intended to stop illegal activity, would stop law abiding Aussies from making cash purchases over $10,000, even if those purchases were made over multiple payments.

Not only old news but all the latest reports have the Liberal backbenchers refusing to support the proposal

[Nemises]

4 hours ago, ThaiBunny said:

Not only old news but all the latest reports have the Liberal backbenchers refusing to support the proposal

How dare the Editor of Australia's biggest selling newspaper publish an article today that you consider "old news"! 

 

Let's hope "all your latest reports" about Lib backbenchers refusing to support are correct, unlike your posts on here of poll reports about how the Coalition was little chance of winning the last Federal election ???? 

[Bagwain]

15 hours ago, Nemises said:

How dare the Editor of Australia's biggest selling newspaper publish an article today that you consider "old news"! 

 

Let's hope "all your latest reports" about Lib backbenchers refusing to support are correct, unlike your posts on here of poll reports about how the Coalition was little chance of winning the last Federal election ???? 

It must be a re run as I read the same story months ago!!

[Nemises]

46 minutes ago, Bagwain said:

It must be a re run as I read the same story months ago!!

Maybe not everyone read about it months ago and maybe many were/still are unaware. It's a hearing potentially affecting a number of TVF members. I can't recall anyone posting anything on here about it so I thought I'd share it for the benefit of others. 

 

The hearing is only about 12 days away, hence far more topical now than many months ago. That's maybe why the major newspapers across Australia ran articles about it yesterday. They'll probably be many more articles published (and other forms of publicity) in the coming days. 

 

Anyway, just hope it fails to get up!

[ThaiBunny]

1 hour ago, Nemises said:

That's maybe why the major newspapers across Australia ran articles about it yesterday.

Which "major newspapers" were these? The Murdoch press?

[ThaiBunny]

18 hours ago, Nemises said:

unlike your posts on here of poll reports about how the Coalition was little chance of winning the last Federal election

You're saying that my posts of poll reports about the Coalition's chances were incorrect, or the poll reports about the Coalition's chances were incorrect? You do realise there's a difference?

[Nemises]

5 hours ago, ThaiBunny said:

Which "major newspapers" were these? The Murdoch press?

Google it. 

[Nemises]

5 hours ago, ThaiBunny said:

You're saying that my posts of poll reports about the Coalition's chances were incorrect, or the poll reports about the Coalition's chances were incorrect? You do realise there's a difference?

Yes

[Nemises]

Today's AU Newspapers......

 

 

 

Cost of living shocks retirees

 

 

Seniors are struggling to cope financially

 

 

ALMOST half of Australians aged over 65 say retirement is costing them more than they expected.

More than 50 per cent worry that they will outlive their savings, and four out of 10 say they can’t afford to go to restaurants and cafes.

 

This sobering picture of retirement is uncovered in a new study by the Australian Institute of Superannuation Trustees and suggests more should be done to help seniors feel financially comfortable.

AIST CEO Eva Scheerlinck said Australia had a good retirement system but it was letting down some people, partly because it was not yet mature.

 

“I don’t think people think about retirement enough until they get to it,” she said.

 

“The super guarantee for people retiring today hasn’t been there their entire working lives, and even when it became compulsory people were only getting 3 per cent.”

 

The nation’s compulsory super system started in 1992 at 3 per cent of employee earnings.

 

It was 9 per cent by 2002 and is now 9.5 per cent, gradually rising to 12 per cent by 2025.

 

The AIST research, conducted in January, included focus groups and surveys of 1500 adults. It found 46 per cent of 600-plus retirees surveyed believed their retirement was more expensive than they thought it would be, while only 5 per cent had found it cheaper.

 

“I don’t think people generally understand how low the age pension actually is,” Ms Scheerlinck said.

Including supplements, the pension pays a maximum of $933.40 a fortnight for a single person and $703.50 to each member of a couple.

 

“We all know there’s a lot of upward pressure on the cost of living, and some people become unexpectedly single and that pushes costs up,” Ms Scheerlinck said. “There’s not a lot of affordable housing around anywhere.”

 

JBS Financial Strategists CEO Jenny Brown said many people entered retirement unprepared.

“They haven’t done budgets so they don’t know what it will cost them to live,” she said.

Meals with friends, coffees and hobbies all cost money that was often not factored into retirement spending plans, Ms Brown said.

 

Retirees and pre-retirees should think about how they plan to spend their retirement to get an idea of the costs.

 

“It comes down to your cash flow and knowing what you are spending and what you are saving,” Ms Brown said.

 

She said super was still the most tax-effective way to save for retirement, taxed at just 15 per cent during its accumulation phase and 0 per cent once you switched to an account-based pension in retirement.

[AussieBob18]

On 2/10/2020 at 9:36 AM, Nemises said:

Today's AU Newspapers......

 

Cost of living shocks retirees

 

Seniors are struggling to cope financially

 

 

She said super was still the most tax-effective way to save for retirement, taxed at just 15 per cent during its accumulation phase and 0 per cent once you switched to an account-based pension in retirement.

IMO the Australian Super system is a disaster and that is why people are struggling in retirement - and it is going to get much worse because of the screwed Super system and the ever increasing tax expendsitures and the decreasing number of people making taxable incomes.  Bringing in massive amounts of immigrants is a short term solution - the long term is getting worse every year - little by little.

 

The reason the Super system is screwed is because the Labor Govt created a gap between the Pension entitlements 

and the Super entitlements.  More and more the Pension entitlements are being reduced, mainly through eligibility, and more and more the Super 'pool' is being used as a source of funds, mainly through removing taxation advantages.

 

Sure being taxed at 15% during accumulation is great, but switching to a pension based payment arrangement is full of tricks and gotchas - such as lump sum withdrawals are not taxed by ATO and not income to DHS in most situations, but a pension payment withdrawal is income as far as DHS is concerned in many situations.  These examples and so many others are results of the every changing goalposts for Super that have made people very wary of putting more than the minimum into Super.  And how the hell can someone truly plan for retirement when in 20 years who the **** knows what the rules will be when that person goes to take out their money. 

 

But lets look at the Pension/Super system that was introduced in many European countries. Under those systems, the Age Pension (Govt funded) and the Super (private funded) are linked together.  Under these arrangements everyone is entitled to receive the Age Pension, except for few very wealthy people - and everyone gets the same amount.  There are also additional Govt payment s for those really struggling, but the vast majority get the same exact payment and benefits.

 

But, and here is the key difference, everyone also has the ability to pay in extra funds above the minimum amounts for their own private Super fund, and thereby 'top up' their Govt funded pension payments - and there are very few limits and conditions and the goalposts have not been changed much at all.  That is a system that rewards people for planning and paying for their retirement - they know what they are going to get and exactly how to increase how much they are going to get. 

 

The Australia Pension and Super system is a farce - as usual the Labor Govt followed the 'directions' of the Unions who now control $billions of Super funds - as well as the Banks who now have even more through their proxys.  They are making a killing off the enforcement mandated private Super system - but those paying in have no idea what it is going to deliver to them.  Over the last 10 years the changes made have been totally unfair - but the Govt knows they can do it again and again as no one wants to make an issue out of it and the fake news media is a joke.  The system is a total cluster ****. 

 

Try making any of those changes in Europe and the People would be marching on the Palace - it would be political suicide to make such changes, but in Australia they get away with it.

 

My advice for those looking at what is the best way for them to plan for their retirement money from Super is to never trust any special deal on offer - and to work out now how best to get the most out over 30 years - and to stay across each and every proposed change and work out how it will affect them and how to take advantage or avoid them. 

 

As far as the Pension goes - also stay across the proposed changes and do the same.  The two systems are not linked - what one gives the other one takes away. Getting too much more in one way, means getting a lot less in the other.

 

That is a lot of work, but it is either that or just put in the minimum and worry about it later when retirement is much closer - which is what most people do because financial advisers are too expensive unless you earn big bucks

 

And the media pundits make stories about why people are struggling in retirement - and inevitably make calls for more welfare payments - which increases the taxation burden - which yet again results in changes in eligibility for the pension and reduces the tax benefits available in Super - which yet again takes away the incentive for most people to plan for their retirement.

 

[Bagwain]

25 minutes ago, AussieBob18 said:

IMO the Australian Super system is a disaster and that is why people are struggling in retirement - and it is going to get much worse because of the screwed Super system and the ever increasing tax expendsitures and the decreasing number of people making taxable incomes.  Bringing in massive amounts of immigrants is a short term solution - the long term is getting worse every year - little by little.

 

The reason the Super system is screwed is because the Labor Govt created a gap between the Pension entitlements 

and the Super entitlements.  More and more the Pension entitlements are being reduced, mainly through eligibility, and more and more the Super 'pool' is being used as a source of funds, mainly through removing taxation advantages.

 

Sure being taxed at 15% during accumulation is great, but switching to a pension based payment arrangement is full of tricks and gotchas - such as lump sum withdrawals are not taxed by ATO and not income to DHS in most situations, but a pension payment withdrawal is income as far as DHS is concerned in many situations.  These examples and so many others are results of the every changing goalposts for Super that have made people very wary of putting more than the minimum into Super.  And how the hell can someone truly plan for retirement when in 20 years who the **** knows what the rules will be when that person goes to take out their money. 

 

But lets look at the Pension/Super system that was introduced in many European countries. Under those systems, the Age Pension (Govt funded) and the Super (private funded) are linked together.  Under these arrangements everyone is entitled to receive the Age Pension, except for few very wealthy people - and everyone gets the same amount.  There are also additional Govt payment s for those really struggling, but the vast majority get the same exact payment and benefits.

 

But, and here is the key difference, everyone also has the ability to pay in extra funds above the minimum amounts for their own private Super fund, and thereby 'top up' their Govt funded pension payments - and there are very few limits and conditions and the goalposts have not been changed much at all.  That is a system that rewards people for planning and paying for their retirement - they know what they are going to get and exactly how to increase how much they are going to get. 

 

The Australia Pension and Super system is a farce - as usual the Labor Govt followed the 'directions' of the Unions who now control $billions of Super funds - as well as the Banks who now have even more through their proxys.  They are making a killing off the enforcement mandated private Super system - but those paying in have no idea what it is going to deliver to them.  Over the last 10 years the changes made have been totally unfair - but the Govt knows they can do it again and again as no one wants to make an issue out of it and the fake news media is a joke.  The system is a total cluster ****. 

 

Try making any of those changes in Europe and the People would be marching on the Palace - it would be political suicide to make such changes, but in Australia they get away with it.

 

My advice for those looking at what is the best way for them to plan for their retirement money from Super is to never trust any special deal on offer - and to work out now how best to get the most out over 30 years - and to stay across each and every proposed change and work out how it will affect them and how to take advantage or avoid them. 

 

As far as the Pension goes - also stay across the proposed changes and do the same.  The two systems are not linked - what one gives the other one takes away. Getting too much more in one way, means getting a lot less in the other.

 

That is a lot of work, but it is either that or just put in the minimum and worry about it later when retirement is much closer - which is what most people do because financial advisers are too expensive unless you earn big bucks

 

And the media pundits make stories about why people are struggling in retirement - and inevitably make calls for more welfare payments - which increases the taxation burden - which yet again results in changes in eligibility for the pension and reduces the tax benefits available in Super - which yet again takes away the incentive for most people to plan for their retirement.

 

Well said & I am from the system ages ago! U need a degree to understand super in Straya!! Believe me!!!  Just look at France as they are trying to change the system. Australians wake the <deleted> up & complain sheeple!! 

[ThaiBunny]

13 hours ago, AussieBob18 said:

And the media pundits make stories about why people are struggling in retirement - and inevitably make calls for more welfare payments - which increases the taxation burden - which yet again results in changes in eligibility for the pension and reduces the tax benefits available in Super - which yet again takes away the incentive for most people to plan for their retirement.

An interesting comment in the latest "Choice" consumer magazine about the "how much you will need to live comfortably in retirement" stories. What those stories don't spell out is the assumptions of those who peddle them - inevitably greedy financial advisers who want a slice of your money through commissions. The modelling always assumes a more lavish lifestyle in retirement than before retirement, including (expensive) annual subscriptions to retirement leisure activities such as golf

[LosLobo]

20 hours ago, AussieBob18 said:

…...but a pension payment withdrawal is income as far as DHS is concerned in many situations.  

 

AFAIK, there are no super pension payment withdrawals classed as income by the DHS.

 

Maybe you could elaborate on the many situations.

 

(since 1 Jan 2015 income from super pensions for AAP eligibility has been deemed ie based on super balance)

[worgeordie]

Can someone who has gone back or come from Australia lately,

give me the lowdown on what the economy is like over there at

the moment,I ask because my daughter is in Sydney on a 1 year

Work/Holiday visa, she's been there a month and has only been 

able to find 2 days a week selling phones, 13 $ an hour.job

 

She was offered a job as receptionist,60 hours a week for 15 $ an 

hour,I told her not to take it seems like slavery to me,no overtime

just 15 $ for every hour. what is the minimum wage ?,I know she

will never get that much.she can speak ,read ,and write Thai,English,Chinese

and Japanese, don't know if that would give her an advantage,at the moment

she's staying in a Thai/Chinese area ,so might as well be in Thailand,

any other parts of Oz doing better than others.

Thanks

regards worgeordie

 

 

[LosLobo]

56 minutes ago, worgeordie said:

Can someone who has gone back or come from Australia lately,

give me the lowdown on what the economy is like over there at

the moment,I ask because my daughter is in Sydney on a 1 year

Work/Holiday visa, she's been there a month and has only been 

able to find 2 days a week selling phones, 13 $ an hour.job

 

She was offered a job as receptionist,60 hours a week for 15 $ an 

hour,I told her not to take it seems like slavery to me,no overtime

just 15 $ for every hour. what is the minimum wage ?,I know she

will never get that much.she can speak ,read ,and write Thai,English,Chinese

and Japanese, don't know if that would give her an advantage,at the moment

she's staying in a Thai/Chinese area ,so might as well be in Thailand,

any other parts of Oz doing better than others.

Thanks

regards worgeordie

 

 

The minimum wage in NSW is $20/hr.

Sydney typically has the highest wages and most available work in Australia.

A lot of employers try to take advantage of temporary workers though they still must obey labour laws.

Australia in particular Sydney is now suffering badly due a lack of tourists due to coronavirus and bushfires, chinese areas more so, Chinatown is deserted even with locals.

If your daughter is planning on getting a more than 12 month visa, working as a receptionist in Sydney might not cut it, she needs to start planning approved work in approved/regional areas.

[AussieBob18]

10 hours ago, ThaiBunny said:

An interesting comment in the latest "Choice" consumer magazine about the "how much you will need to live comfortably in retirement" stories. What those stories don't spell out is the assumptions of those who peddle them - inevitably greedy financial advisers who want a slice of your money through commissions. The modelling always assumes a more lavish lifestyle in retirement than before retirement, including (expensive) annual subscriptions to retirement leisure activities such as golf

So true - and they take your money even if they lose you money.  When I first embarked on the detailed planning stage for retirement, one adviser gave me his 'proposal'.  I responded that his commissions were based on the portfolio value, whereas I wanted them based on the increase in portfolio value basis. He was surprised at this request and didn't really understand - guess I was the first to do that.  When I said I was prepared to pay him a larger commission if my portfolio increased, but nothing if my portfolio dropped, he went into shock. I stated I was not going to pay anyone a set percentage of my portfolio each year if the portfolio value dropped.  He said no financial adviser/planner would accept that - and he was right. 

[AussieBob18]

2 hours ago, LosLobo said:

AFAIK, there are no super pension payment withdrawals classed as income by the DHS.

 

Maybe you could elaborate on the many situations.

 

(since 1 Jan 2015 income from super pensions for AAP eligibility has been deemed ie based on super balance)

Check this out - https://www.servicesaustralia.gov.au/individuals/topics/income-stream-reviews/28941

 

And this - https://www.canstar.com.au/superannuation/super-income-stream/

 

Super withdrawals as lump sums are treated different than Super withdrawals as an Income Stream (Pension).  The reason is that while the money in a normal Super account it is taxed,  the money that is put into an Income Stream account does not get taxed.  It is complicated and there are many types of accounts and streams - but many are treated as income by DHS for all sorts of welfare payments - Newstart through to Pension.   You cant decide at 60 to stop work and put money into a Super Income Stream account and receive those payments and then claim Newstart and not be affected by those income stream payments. Same for most other welfare payments/support - rent assistance etc.  And once you are eligible for the age pension it is alsp classified as income but differently. All complicated but the essence is this - Super lump sum withdrawals are not taxed by ATO and not income to DHS (genrally) - Super income streams are not taxed by ATO but are income to DHS (generally).

[LosLobo]

29 minutes ago, AussieBob18 said:

Check this out - https://www.servicesaustralia.gov.au/individuals/topics/income-stream-reviews/28941

 

And this - https://www.canstar.com.au/superannuation/super-income-stream/

 

Super withdrawals as lump sums are treated different than Super withdrawals as an Income Stream (Pension).  The reason is that while the money in a normal Super account it is taxed,  the money that is put into an Income Stream account does not get taxed.  It is complicated and there are many types of accounts and streams - but many are treated as income by DHS for all sorts of welfare payments - Newstart through to Pension.   You cant decide at 60 to stop work and put money into a Super Income Stream account and receive those payments and then claim Newstart and not be affected by those income stream payments. Same for most other welfare payments/support - rent assistance etc.  And once you are eligible for the age pension it is alsp classified as income but differently. All complicated but the essence is this - Super lump sum withdrawals are not taxed by ATO and not income to DHS (genrally) - Super income streams are not taxed by ATO but are income to DHS (generally).

You quoted:

 

"but a pension payment withdrawal is income as far as DHS is concerned in many situations."

 

Please point out where any of the above information supports your quoted statement!

 

 

[BEVUP]

11 hours ago, worgeordie said:

Can someone who has gone back or come from Australia lately,

give me the lowdown on what the economy is like over there at

the moment,I ask because my daughter is in Sydney on a 1 year

Work/Holiday visa, she's been there a month and has only been 

able to find 2 days a week selling phones, 13 $ an hour.job

 

She was offered a job as receptionist,60 hours a week for 15 $ an 

hour,I told her not to take it seems like slavery to me,no overtime

just 15 $ for every hour. what is the minimum wage ?,I know she

will never get that much.she can speak ,read ,and write Thai,English,Chinese

and Japanese, don't know if that would give her an advantage,at the moment

she's staying in a Thai/Chinese area ,so might as well be in Thailand,

any other parts of Oz doing better than others.

Thanks

regards worgeordie

 

 

Hello worgeordie

I'm sitting here at the moment in west Sydney (Penrith)

The Auss economy is <deleted>

My usual line of work FIFO is all but dried up (building iron ore, goldmines & oil/gas plants )

So sitting here doing a 40 hr week N/S for $35 p/h (gantry crane operator )

Staying at Relatives & trying to get wife & son over 

Would always have no money if I was to find some sort of place for $250 p/w

Your Daughter has good language skills but what Tafe courses does she hold in relevance to her jobs

Yes she is being ripped off 

Best she try in the Real estate area as the only ones who can afford to buy houses are the people that speak those languages 

 

Good Luck

[AussieBob18]

10 hours ago, LosLobo said:

You quoted:

"but a pension payment withdrawal is income as far as DHS is concerned in many situations."

Please point out where any of the above information supports your quoted statement!

 

You obviously didn't read those links - perhaps you should seek a financial adviser - not my job.

 

But if you find anything there that states an account based pension payment from Super is never treated as income by DHS (SA) then please provide that.

[ThaiBunny]

3 minutes ago, AussieBob18 said:

But if you find anything there that states an account based pension payment from Super is never treated as income by DHS (SA) then please provide that.

You want a statement that something never happens? Your first comment was about a "pension payment withdrawal" which usually means a lump sum. Are you now amending that to mean pension payments (not lump sum withdrawals)?

[AussieBob18]

12 hours ago, worgeordie said:

Can someone who has gone back or come from Australia lately,

give me the lowdown on what the economy is like over there at

the moment,I ask because my daughter is in Sydney on a 1 year

Work/Holiday visa, she's been there a month and has only been 

able to find 2 days a week selling phones, 13 $ an hour.job

 

She was offered a job as receptionist,60 hours a week for 15 $ an 

hour,I told her not to take it seems like slavery to me,no overtime

just 15 $ for every hour. what is the minimum wage ?,I know she

will never get that much.she can speak ,read ,and write Thai,English,Chinese

and Japanese, don't know if that would give her an advantage,at the moment

she's staying in a Thai/Chinese area ,so might as well be in Thailand,

any other parts of Oz doing better than others.

Thanks

regards worgeordi

We live most of the year in QLD and also visit family firends in other States - but not Sydney.

The Aust economy as a whole is not good here - and I figure it would be the same in Sydney.

The minimum hourly rate in Aust is about $20/hr for a full time job.

There is jobs though - but because of language skills I dont think so.

Work is readily available in the health/care industries - especially for older people.

But that requires qualifications and is hard work - but if that is what she wants to do then get qualified (TAFE).

There is work available in the hospitality industries - but again that requires qualifications.

What skills besides languages does she posses and what qualifications - that is the key to 12 month working Visa in Australia.

So many young people come to Australia now and do that - the competition for part-time casual contract work is huge.

The Govt keeps stats on this stuff - maybe she can talk to Immi and find out more info and advice:

https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/work-holiday-417/first-working-holiday-417

 

 

[AussieBob18]

8 minutes ago, ThaiBunny said:

You want a statement that something never happens? Your first comment was about a "pension payment withdrawal" which usually means a lump sum. Are you now amending that to mean pension payments (not lump sum withdrawals)?

This is what I said exactly:  "Super withdrawals as lump sums are treated different than Super withdrawals as an Income Stream (Pension)."  Please dont waste my time unless you have read and understood what I have said - I am giving information - not advice - check things out for yourself.

[simple1]

13 hours ago, worgeordie said:

Can someone who has gone back or come from Australia lately,

give me the lowdown on what the economy is like over there at

the moment,I ask because my daughter is in Sydney on a 1 year

Work/Holiday visa, she's been there a month and has only been 

able to find 2 days a week selling phones, 13 $ an hour.job

 

She was offered a job as receptionist,60 hours a week for 15 $ an 

hour,I told her not to take it seems like slavery to me,no overtime

just 15 $ for every hour. what is the minimum wage ?,I know she

will never get that much.she can speak ,read ,and write Thai,English,Chinese

and Japanese, don't know if that would give her an advantage,at the moment

she's staying in a Thai/Chinese area ,so might as well be in Thailand,

any other parts of Oz doing better than others.

Thanks

regards worgeordie

 

 

Reading between the lines your daughter is working for Asians in Sydney who are notorious for underpaying staff, as do some Australians for people on holiday work visas, no super, no holiday & sick pay etc. If she is fluent in English, can use MS apps and so on I would strongly recommend she talks to some of the well known temps agencies. Might be a good idea for you to have a look at her CV to ensure she is presenting herself in a professional manner. Also cross check her visa conditions to see if she must work in a regional area for a period of time or not.

[worgeordie]

1 hour ago, BEVUP said:

Hello worgeordie

I'm sitting here at the moment in west Sydney (Penrith)

The Auss economy is <deleted>

My usual line of work FIFO is all but dried up (building iron ore, goldmines & oil/gas plants )

So sitting here doing a 40 hr week N/S for $35 p/h (gantry crane operator )

Staying at Relatives & trying to get wife & son over 

Would always have no money if I was to find some sort of place for $250 p/w

Your Daughter has good language skills but what Tafe courses does she hold in relevance to her jobs

Yes she is being ripped off 

Best she try in the Real estate area as the only ones who can afford to buy houses are the people that speak those languages , 

 

Good Luck

Thanks for reply, the Real Estate work is a good idea,one area she could

use her language skills.I hope things pick up for you.

regards Worgeordie

[worgeordie]

39 minutes ago, simple1 said:

Reading between the lines your daughter is working for Asians in Sydney who are notorious for underpaying staff, as do some Australians for people on holiday work visas, no super, no holiday & sick pay etc. If she is fluent in English, can use MS apps and so on I would strongly recommend she talks to some of the well known temps agencies. Might be a good idea for you to have a look at her CV to ensure she is presenting herself in a professional manner. Also cross check her visa conditions to see if she must work in a regional area for a period of time or not.

Yes, she can only work in Sydney area for 6 months then has to move to

another part of Australia, she sent out CV's then realised she needed some

sort of certificate and card, now she has them,just want her to have enough

to live off,so I can stop sending her money. thanks for your reply.

regards Worgeordie

[simple1]

2 minutes ago, worgeordie said:

Yes, she can only work in Sydney area for 6 months then has to move to

another part of Australia, she sent out CV's then realised she needed some

sort of certificate and card, now she has them,just want her to have enough

to live off,so I can stop sending her money. thanks for your reply.

regards Worgeordie

A word of advice for working in regional areas. Often requires working in the agricultural sector. There are government appointed agencies who assist with employment, correct payment rates and so on. From memory Sarino Russo is one...

 

https://www.sarinarusso.com/

[worgeordie]

1 hour ago, AussieBob18 said:

We live most of the year in QLD and also visit family firends in other States - but not Sydney.

The Aust economy as a whole is not good here - and I figure it would be the same in Sydney.

The minimum hourly rate in Aust is about $20/hr for a full time job.

There is jobs though - but because of language skills I dont think so.

Work is readily available in the health/care industries - especially for older people.

But that requires qualifications and is hard work - but if that is what she wants to do then get qualified (TAFE).

There is work available in the hospitality industries - but again that requires qualifications.

What skills besides languages does she posses and what qualifications - that is the key to 12 month working Visa in Australia.

So many young people come to Australia now and do that - the competition for part-time casual contract work is huge.

The Govt keeps stats on this stuff - maybe she can talk to Immi and find out more info and advice:

https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/work-holiday-417/first-working-holiday-417

 

 

Thanks for your help mate, looks like Australia,is faring no better

than the rest of the World when it comes to the economy.she was

a manager in the hotel industry,so I think she would not be able

to find a job in Thailand easily either at the moment,with the

downturn in tourists here because of the virus.

regards Worgeordie