australia careers aca presentation march 2011
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Working in AustraliaWorking in Australia
Sydney
• Sydney ranks amongst the Top 10 ‘Most Livable Cities’ in the World
• Population of circa 4.2 million people• 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
Sydney ranks amongst the Top 10 ‘Most Livable Cities’ in the World
Population of circa 4.2 million peoplePopulation of circa 4.2 million people
It is Australia’s largest and most affluent city and covers a geographic
Melbourne
• Australia’s second largest city with 3.9 million people and claims to be the ‘cultural capital’
• Its home to 5 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
Australia’s second largest city with 3.9 million people and claims to be the
Its home to 5 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
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 throughyear growth in the midst of the global crisis
• Australia has low levels of debt and the with the unemployment rate lower than nearly all major advanced economies
• Business and consumer confidence has returned and Australian businesses • Business and consumer confidence has returned and Australian businesses continue to employ workers and invest in capacity
• 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.
Australian economy’s performance during the global financial crisis has been unique among developed nations.
was the only advanced economy to have reported positive through-the-year growth in the midst of the global crisis. (Predicted +4.6% in 2011)
debt and the labour market has remained buoyantwith the unemployment rate lower than nearly all major advanced economies
and consumer confidence has returned and Australian businesses and consumer confidence has returned and Australian businesses continue to employ workers and invest in capacity.
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 and four of these are Australian.
Some of our Financial Service ClientsSome of our Financial Service Clients
Some of our Industry & Professional Service ClientsSome of our Industry & Professional
The ‘Paddy Factor’….
• Irish qualified accountants are a proven entity:
�Good work ethic�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
Irish qualified accountants are a proven entity:
Professional qualifications are highly regarded
94.7% of Australian employers are more likely to employ someone
Why Australia?
• Lifestyle
• Career Progression
• Financial Gain
• Positive Economic Outlook
• Family Ties
• Adventure
Working Holiday Visa
• To be eligible, applicants need to meet the following requirements: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 (462) visa
• not have prevsiouly entered Australia on a Working Holiday (417) visa (unless applying for a second visa, see 'Second Working Holiday visa' below)
• be outside Australia when they apply and when their visa is granted
• apply within 12 months of intended travel to Australia.
To be eligible, applicants need to meet the following
hold a passport issued by an eligible country or region
30 (inclusive) at the time of applying
not be accompanied by dependent children at any time during their stay in
meet health, character and financial requirements
not have previously entered Australia on a Work and Holiday (462) visa
not have prevsiouly entered Australia on a Working Holiday (417) visa (unless applying for a second visa, see 'Second Working Holiday visa'
be outside Australia when they apply and when their visa is granted
apply within 12 months of intended travel to Australia.
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. 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 The nominated salary for the position must also market salary rates for Subclass 457 visa
• 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.
Temporary Long Stay Visa Options
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. 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 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 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
Other Visa Types
• Skilled Migrants Visa – This programme allows skilled migrations fro people • Skilled Migrants Visa – This programme allows skilled migrations fro people who are not sponsored by an employer 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 children, parents and other family members of Australian citizens, Australian permanent residents or eligible New Zealand citizens.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
This programme allows skilled migrations fro people This programme allows skilled migrations fro people who are not sponsored by an employer 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
There are a number of visa options for fiance(e)s, partners, children, parents and other family members of Australian citizens, Australian permanent residents or eligible New Zealand citizens.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
www.immi.gov.au
Contract Rates – Financial Services
Role Daily Rate (Qualified Professional
Financial Accounting 245 -Financial Accounting 245 -
Management Accounting 245 -
Corporate Accounting 280 -
Systems Accounting 280 -
Business/Financial Analyst 315 -
Fund Accounting 210 -
Product Control 280 –
Audit 280 -
Tax 270 -
Financial Controller
Finance Director/CFO
Financial Services
Daily Rate (€ equiv.) -Qualified Professional
Daily Rate (€ equiv.) -Manager
- 350 420+- 350 420+
- 350 375+
- 385 420+
- 350 420+
- 490 525+
- 315 350+
– 420 420+
- 420 420+
- 350 385+
420+
525+
Contract Rates – Commerce & Industry
RoleDaily Rate (Qualified Professionals
Financial Accounting 225Financial Accounting 225
Management Accounting 225
Corporate Accounting 280
Systems Accounting 280
Business/Financial Analyst 280
Audit 210 Audit 210
Tax 245
Treasurer 265
Financial Controller
Finance Director/CFO
Commerce & Industry
Daily Rate (€equiv.) –Qualified Professionals
Daily Rate (€ equiv.) -Managers
- 315 350+- 315 350+
225 - 315 350+
280 - 385 420+
280 - 350 420+
280 - 420 455+
210 - 315 350+210 - 315 350+
245 – 385 420+
265 - 385 420+
385+
420+
Salaries – Financial Services
Salaries in ‘000 € Analyst Snr
Financial Accounting 50 - 60
Management Accounting 55 - 65
Corporate Accounting 50 - 60
Systems Accounting 50 - 60
Business/Financial Analyst 60 - 70
Fund Accounting 42 - 50Fund Accounting 42 - 50
Product Control 55 - 65
Audit 50 - 60
Tax 55 - 65
Treasury 50 - 60
Financial Services
Snr Analyst Manager Director
55 - 65 70 - 85 125+
65 - 75 75 - 90 125+
55 - 65 70 - 85 125+
55 - 65 70 - 85 125+
70 - 80 75 - 90 125+
50 - 60 65 - 75 110+50 - 60 65 - 75 110+
65 - 75 75 - 90 125+
55 - 65 70 - 85 125+
65 - 75 75 - 90 125+
55 - 65 75 - 85 125+
Salaries – Commerce & Industry
Salaries in ‘000 €Newly Qual
Senior (2-4 yrsPQE)
Financial AccountingFinancial Accounting55 - 70 65 - 85
Management Acctg/Business Analysis 55 - 70 65 - 85
Corporate/Group Accounting 55 - 70 65 - 85
Internal Audit55 - 70 65 - 85
Internal Audit55 - 70 65 - 85
Tax Accounting55 - 70 65 - 85
Treasury Accounting55 - 70 65 - 85
Commercial Mngt/FP&A 55 - 70 65 - 90
Commerce & Industry
Senior yrs
PQE)
Manager (4-6 yrsPQE)
Snr Mngr(7-10 yrsPQE)
Head of:(10 yrs + PQE)
85 85 - 100 100+
85 85 - 100 110+
85 85 - 100 110+
85 85 - 100 100 - 120 120+85 85 - 100 100 - 120 120+
85 85 – 100 100 - 120 120+
85 85 - 100 100 - 120 120+
90 90 - 110 100 - 140 110 - 175
Taxation
Taxable Income Rate of Tax
A$0 – A$6000
A$6,001 – A$37,000
A$37,001 – A$80,000
A$80,001 – A$180,000
A$180,001 plus
Rate of Tax
NIL
15% for each $ > A$6,000
A$4,650 + 30% of each $ > A$37,000
A$17,550 + 37% of each $ > A$80,000
A$54,550 + 45% of each $ > A$180,000
LAFHA
• A living away from home allowance is an allowance the employer pays to employee to compensate for additional expenses incurred, and any disadvantages suffered, because the employee is required to live away from their usual place of residence in order to perform their employmenttheir usual place of residence in order to perform their employmentduties.
• The employee would be regarded as living away from the usual place of residence provided that they intend to return there at the end of the term of the transfer.
• The residence does not have to be the employee's permanent place of • The residence does not have to be the employee's permanent place of residence.
• A 457 Visa holder is normally allowed to claim this allowance from the Employer, and it is the Employer who has to handle all the paperwork.
living away from home allowance is an allowance the employer pays to an to compensate for additional expenses incurred, and any
disadvantages suffered, because the employee is required to live away from in order to perform their employment-related in order to perform their employment-related
The employee would be regarded as living away from the usual place of residence provided that they intend to return there at the end of the term of the
residence does not have to be the employee's permanent place of residence does not have to be the employee's permanent place of
A 457 Visa holder is normally allowed to claim this allowance from the Employer, and it is the Employer who has to handle all the paperwork.
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 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.auwww.flatmates.com.au
www.domain.com.au
www.flatmates.com.au
• For hostels with excellent discounts? Contact YHA Travel at
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+ wk depending on
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
For hostels with excellent discounts? Contact YHA Travel at www.yha.com.au
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 piece of identification; driver’s licence and/or birth certificate, credit cards are all acceptable.cards are all acceptable.
• Major retail banks include:
Westpac www.westpac.com.au
Commonwealth Bank www.commonwealthbank.com.au
ANZ www.anz.com.auANZ www.anz.com.au
NAB www.nabgroup.com
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 piece of identification; driver’s licence and/or birth certificate, credit
www.westpac.com.au
www.commonwealthbank.com.au
www.anz.com.auwww.anz.com.au
www.nabgroup.com
Cost of Living
Consumer Prices in Sydney are 4.58% lowerConsumer Prices in Sydney are 4.58% lower
Consumer Prices Including Rent in Sydney
Rent Prices in Sydney are 44.78% higher
Restaurant Prices in Sydney are 16.40%
Groceries Prices in Sydney are 0.93% lower
Local Purchasing Power in Sydney is 15.28%
(Source: www.numbeo.com)
lower than in Dublinlower than in Dublin
Sydney are 5.49% higher than in Dublin
higher than in Dublin
are 16.40% lower than in Dublin
lower than in Dublin
is 15.28% higher than in Dublin
Cost of Living
http://www.numbeo.comhttp://www.numbeo.com
Cost of Living
http://www.numbeo.comhttp://www.numbeo.com
Irish Lifestyle
http://www.gaelicfootball.com.auhttp://www.gaelicfootball.com.au
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
• Get your visa arranged & book a flight!
Discuss it with friends & family
Decide when you are going to travel
Get in touch with a Morgan McKinley consultant
Get your visa arranged & book a flight!
Contact Details
Australia IrelandAustralia
Morgan McKinleyLevel 10,17 Castlereagh Street,Sydney, NSW 2000Tel : +61 (0)2 8986 3100Email : sydney@morganmckinley.com.au
Ireland
Morgan McKinley, Premier Group,Connaught House, One Burlington RoadDublin 4Tel: +353 (0)1 4321555Fax: +353 (0)1 4321505Email :Email :
IrelandIreland
Morgan McKinley, Premier Group,Connaught House, One Burlington RoadDublin 4Tel: +353 (0)1 4321555Fax: +353 (0)1 4321505Email : ireland@morganmckinley.ieEmail : ireland@morganmckinley.ie
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