Most employers won't pay into an overseas bank account, so you will need to set up an Australian Bank account. If you can, try to do this before you leave home, transfer some funds into it and then collect your bank card when you arrive. Work n Holiday is just one organisation that can help you with this.
If you don't get the chance to open an account before moving to Australia, you will need to go to a bank when you arrive. Before arriving, be sure to check what documentation (passport, previous bank statements, visa etc) you need to set up your new bank account. The main banks in Australia are Westpac, Commonwealth, ANZ and NAB.
Local regulations require Australian employers to pay a percentage of an employee’s income into a fund for retirement, this is known as ‘superannuation’. Overseas workers are also entitled to this payment. Temporary residents can access their retirement savings (superannuation) upon permanent departure from Australia. For more information, visit the Australian Taxation Office's website.
Medical treatment in Australia can be very expensive and it is advisable to have both travel and health insurance. It is strongly advised that you take out private health insurance to cover yourself in Australia. iSelect can help you choose the best health insurance for your needs.
The Australian Government has signed Reciprocal Health Care Agreements (RHCA) with the governments of the United Kingdom, Sweden, Belgium, the Netherlands, Finland, Norway, Malta, Slovenia, Italy, Republic of Ireland and New Zealand which entitles you to limited subsidised health services for immediately ‘medically necessary’ treatment while visiting Australia. For more information visit Medicare Australia.
If you intend to work in Australia, you must obtain a Tax File Number (TFN). If you begin working before getting your TFN, you will have 28 days to provide it to your employer. You can apply for this in person at the Australian Tax Office, or online at the Tax Office's Website.
You will need to complete a compulsory tax return, when your working holiday visa finishes or you stop work. You may be eligible for a tax refund. Ask your employer for a payment summary, showing your total income and the amount of tax withheld. Many specialists in tax return services can assist you with your tax return.
The amount of tax withheld can often be of significant value so it is important that you investigate getting it returned.
Australia is fortunate to have a large range of jobs available for backpackers. Jobs can include hospitality, retail, farm work, fruit picking, construction, nursing and many others depending on your experience and qualifications.
In the end, most jobs you will apply for as a backpacker will require a great personality over qualifications. Be sure to let the bubbly, well travelled and friendly version of yourself shine through to potential employers.