Tips on moving to Australia
Thinking of a move to Australia? Or just arrived? Let us help make the transition less stressful.
G’day and welcome to Australia
It’s great that you’re thinking about moving to Australia. You’re on the verge of discovering our beautiful country, unique Australian culture, and legendary lifestyle. Here are some tips for preparing, working, banking, and settling in.
Before moving to Australia
Australian visa
- Specific visas are required if you plan to live and work in Australia
- You can find information on what (if any) visa is required by visiting the Australian Government Department of Home Affairs website:
Organise your financial affairs
Before you move, it is a good idea to:
- Ask your bank(s) how to manage your accounts while you are overseas
- Cancel direct payments for existing services such as gas, electricity and phone. Reviewing previous card and bank statements is a good way to identify such transactions.
Identification documents
- Ensure you have a valid passport, and the expiry date aligns to any visa requirements
- A birth certificate, driver’s licence and passport may help if you’re required by an employer or bank to identify yourself
Banking in Australia
Common Australian banking terms
- In Australia, our day-to-day bank accounts are called ‘everyday’ or ‘transaction’ accounts
- Savings accounts generally allow you to earn interest on your balance each month
- Term deposits are a type of savings account that offer a fixed interest rate on amounts set aside for a fixed length of time
- ‘ATMs’ are used to withdraw or deposit cash
- If you need to speak to a banker in person, you can visit a branch
Setting up a bank account(s)
- You will need to be in Australia to open an Australian bank account with Westpac
- We are required to check identification documents for new customers, before you will be given access to your account
- Find out more about Westpac’s everyday bank account
Check out how you could receive $50 cashback# Find out more.
Transferring your funds to Australia
- If you would like to transfer funds to or from Australia, we can help with secure international transfers at current exchange rates
- You will need to have opened an Australian bank account to receive your funds
Setting up your Australian services
Australian taxation
- Most Australian employers will require you to have a tax file number (TFN)
- A TFN is a unique 9-digit identifier issued by the Australian Tax Office (ATO)
- You can apply for a TFN through the ATO website
- The way you pay tax in Australia will vary according to your ‘tax residency’ status
Healthcare
- Medicare is Australia’s public healthcare system
- If you’re a permanent visa holder, you’ll be eligible for cover
- A Medicare card gives you access to subsidised treatment and some medications
- If you’re ineligible due to your chosen tax status, you may wish to consider private health insurance
- You could also ask your current health insurance provider if they can support you in Australia
Information on retirement funds
- Superannuation (‘Super’) is the system used in Australia to save and grow money for retirement
- Your employer must make payments into a Super fund on your behalf
- You can choose the fund offered by your employer, or research and choose your own fund
- You’ll be able to access the money when you retire or if you choose to leave Australia, depending on your residency status
Finding a home, utilities, and transport
Choose where to live in Australia
- There are many living options in Australia ranging from a unit to a house with a yard
- Do plenty of research, factoring in lifestyle, transport, schools and budget
- If you are renting, you will need to show you have sufficient funds and income
Set up your utilities
- Once you have found a home, you will want to set up its services
- Comparison sites are available to help with your decision making for electricity and gas, broadband and mobile phone providers
Getting around in Australia
- Transport options in Australia include trains, buses, taxis, ride share, light rail, and airline routes across the country
- If choosing to drive, you will need to know our road rules and may need to transfer your licence
Working, studying or setting up a business
Finding and starting work
- Whether you’re visiting for short- or long-term work, or here to start a business, Australia’s vibrant and varied economy can offer a multitude of job opportunities
- There are job search and professional networking sites available to help you find work
Studying at school or university
- Australia offers a wide range of options for pre-school, primary, secondary and tertiary education
- We have both public and private schools including schools linked to a wide variety of faiths
- Our universities are world class, with degrees recognised across global industry and commerce
Starting a business in Australia
- Australia warmly welcomes immigrants who want to start a business here
- You can start a business in Australia even if you don’t have Australian citizenship
- Make sure you read the rules and requirements for Australian business owners
Things you should know
The information and links provided on this page are for your information and convenience only. Please note that the information provided is general in nature and does not take your circumstances into account and is not advice, recommendation or opinion on any products or services provided by us or third parties. We have no direct relationship or association with any of the third parties who own the websites linked on this page and we do not receive any commission or financial benefit from such third parties for providing such links. The information contained on any of the third party websites linked to this page may or may not be accurate or relevant to your needs or circumstances. Before acting on this information, you should consider its appropriateness and seek appropriate and independent advice before you make any decisions. For more information on any of our specific products or services, you may wish to read the relevant Terms and Conditions which are available at westpac.com.au.
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$50 Cashback offer: Fees and charges apply. Read the
Deposit Accounts for Personal Customers Terms and Conditions (PDF 645KB) before making a decision and consider whether the product is right for you. To receive AUD$50, you must: open a new Westpac Choice account between 1 December 2024 and 31 March 2025, have never held a transaction account with Westpac before, and deposit a minimum of $100 into the new account within 10 days of account opening. The offer is available for customers who are new to Australia (arrived in the last 12 months) and over 18 years of age. Customers must hold a valid foreign issued identification document in our
identification checklist (PDF 657KB). For joint accounts, both account holders must not have held a Westpac transaction account before. The AUD$50 promotion amount will be paid into the Customer’s Westpac Choice account within 50 days of meeting these Terms and Conditions. The Westpac Choice account must remain open during that period to receive the cashback reward. Limited to only one eligible account per eligible individual (including where it is a joint account) and paid to the Westpac Choice account that was opened first. Not available in conjunction with any other offer unless we determine otherwise. We reserve the right to withdraw, amend or extend this offer at any time. We recommend you seek an independent, professional tax advice to determine tax implications on the cashback based on your personal circumstances.