{"id":41,"date":"2023-10-06T11:56:07","date_gmt":"2023-10-06T11:56:07","guid":{"rendered":"https:\/\/geoffreynathan.applyflow.site\/faq\/"},"modified":"2023-10-09T09:19:58","modified_gmt":"2023-10-09T09:19:58","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.geoffreynathan.com\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\n\n\t<h1>\n\tFAQs &#8211; Associates<\/h1>\n<h3>\n\tWhat is Superannuation (Super) and is it compulsory ?<\/h3>\n\n\tSuperannuation (Super) is a compulsory retirement contribution made by your employer that has been calculated into your salary package ie. hourly rate. It is calculated at 9.5% of your taxable salary. Your super contributions can be claimed back when you leave Australia, however, fund fees and tax in lieu will apply.\n\n\tFor more information about superannuation and GN Australia nominated Super Fund Visit\u00a0<a href=\"http:\/\/www.ato.gov.au\/\" target=\"_blank\" rel=\"noopener\">www.ato.gov.au<\/a>\u00a0or contact us on 02 8022 8000\n<h3>\n\tWhat is a Tax File Number (TFN) ?<\/h3>\n\n\tA Tax File Number (TFN) is a 9 digit number issued by the Australian Taxation Office (ATO) to each taxpayer (individual, company, superannuation fund, partnership or trust) to identify that taxpayer&#8217;s Australian tax dealings.\n<h3>\n\tWhy you need a TFN ?<\/h3>\n\n\tA TFN enables you to:\n<ul>\n<li>\n\t\tlodge a tax return<\/li>\n<li>\n\t\tmake or receive payments under the Pay As You Go (PAYG) withholding system<\/li>\n<li>\n\t\tstart work or change jobs<\/li>\n<li>\n\t\tsubmit a Tax file number declaration or a Withholding declaration form<\/li>\n<li>\n\t\thave savings accounts or investments that earn income<\/li>\n<li>\n\t\tjoin a superannuation fund<\/li>\n<\/ul>\n<h3>\n\tApplying for a TFN ?<\/h3>\n\n\tIf you are a temporary visitor to Australia you can apply for a TFN online at any time after entering Australia.\n\n\tThis option is available if you:\n<ul>\n<li>\n\t\tare a working holidaymaker<\/li>\n<li>\n\t\tare an overseas student<\/li>\n<li>\n\t\thave a valid visa allowing you to stay in Australia indefinitely<\/li>\n<li>\n\t\thave a business visa<\/li>\n<li>\n\t\tare a New Zealand citizen<\/li>\n<\/ul>\n\n\tTo apply online, you need a valid passport or relevant travel documents and must be authorised to work in Australia by the Department of Immigration and Boarder Protection (DIBP).\n<h3>\n\tWhen can you expect your TFN ?<\/h3>\n\n\tYou will receive your TFN no more than 28 days after the ATO receives your completed application and required documents. They will forward your TFN to the postal address on your application.\n<h3>\n\tAm I an Australian resident or non-resident for tax purposes ?<\/h3>\n\n\tGenerally, you are an Australian resident for tax purposes if you:\n<ul>\n<li>\n\t\thave always lived in Australia<\/li>\n<li>\n\t\thave been in Australia for more than half of the income year, or<\/li>\n<li>\n\t\tare an overseas student enrolled in a course of study for more than six months duration.<\/li>\n<\/ul>\n\n\tIf you do not qualify for resident tax status then you must claim &#8216;non-resident&#8217; when filling in your tax file declaration form and tax return.\n\n\tThe tax rates that apply to your taxable income depends on whether or not you are an Australian resident. A higher rate of tax is applied to a non-resident&#8217;s taxable income and non-residents are not entitled to a tax-free threshold.\n\n\tVisit the following\u00a0<a href=\"http:\/\/calculators.ato.gov.au\/scripts\/axos\/axos.asp?CONTEXT=&amp;KBS=Resident.XR4&amp;go=ok\">ATO site<\/a>\u00a0and complete the online questionnaire to determine which tax status you qualify for (takes approximately 1 minute to complete):\n\n\t<a href=\"http:\/\/calculators.ato.gov.au\/scripts\/axos\/axos.asp?CONTEXT=&amp;KBS=Resident.XR4&amp;go=ok\" target=\"_blank\" rel=\"noopener\">http:\/\/calculators.ato.gov.au\/scripts\/axos\/axos.asp?CONTEXT=&amp;KBS=Resident.XR4&amp;go=ok<\/a>\n<h3>\n\tIf you are a working holidaymaker, do you have to lodge a tax return ?<\/h3>\n\n\tIf you earn income in Australia you are required to lodge a tax return.\n\n\tA Tax Return is the procedure followed to declare your earnings and tax paid in any given Australian Tax Year and needs to be lodged by 31st October.\n<h3>\n\tThe Australian tax year is from 01st July to 30th June<\/h3>\n\n\tVisit\u00a0<a href=\"http:\/\/www.ato.gov.au\/\" target=\"_blank\" rel=\"noopener\">www.ato.gov.au<\/a>\u00a0or contact us on 02 8022 8000 for more information\n<h3>\n\tHow can I extend my working holiday visa ?<\/h3>\n\n\tYou cannot extend your working holiday visa however you may be able to apply for a second working holiday visa. To be eligible for a second working holiday visa you must meet a number of requirements. You may apply either while you still hold a first working holiday visa or at a later date.\n\n\tYou must:\n<ul>\n<li>\n\t\thave completed three months of specified work in regional Australia while on your first working holiday visa<\/li>\n<li>\n\t\tnot have previously entered Australia on a work and holiday 417 visa<\/li>\n<li>\n\t\tbe aged between 18 and 30 years<\/li>\n<li>\n\t\tapply no more than twelve months before you intend to travel<\/li>\n<li>\n\t\twill not be accompanied by dependent children at any time during your stay<\/li>\n<\/ul>\n\n\tFor further information on a second working holiday visas please visit\u00a0<a href=\"http:\/\/www.boarder.gov.au\/\" target=\"_blank\" rel=\"noopener\">www.boarder.gov.au<\/a>\n\n","protected":false},"excerpt":{"rendered":"<p>FAQs &#8211; Associates What is Superannuation (Super) and is it compulsory ? Superannuation (Super) is a compulsory retirement contribution made by your employer that has been calculated into your salary package ie. hourly rate. It is calculated at 9.5% of your taxable salary. Your super contributions can be claimed back when you leave Australia, however,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":20,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":"","footnotes":""},"class_list":["post-41","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.geoffreynathan.com\/af-api\/wp\/v2\/pages\/41","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.geoffreynathan.com\/af-api\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.geoffreynathan.com\/af-api\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.geoffreynathan.com\/af-api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.geoffreynathan.com\/af-api\/wp\/v2\/comments?post=41"}],"version-history":[{"count":0,"href":"https:\/\/www.geoffreynathan.com\/af-api\/wp\/v2\/pages\/41\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.geoffreynathan.com\/af-api\/wp\/v2\/media?parent=41"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}