Australia

Last Update by Katie, 06 Jun 2024

You must log in to be able to download this document

Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Sydney

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (AUD)
McDonalds Set Meal 15
Monthly Train and Bus Tickets 217
3 Bedrooms Rental (City Center) 6,450
3 Bedrooms Rental (Outskirt) 3,697

Current Inflation Rate

4.1%

Wage

Minimum Wages

  • Hourly – 24.10 AUD
  • Weekly – 915.90 AUD (38 hours)

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (AUD)
Entry-Level
Fresh Graduate
4,500
Mid-Level
5 Years
6,500
Experienced & Managerial Level
10 Years
12,000
Specialized & Senior-Level
15 Years
13,500

Annual Salary Growth

3%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Superannuation Fund 11%,
11.5% (from 1 July 2024)
Maximum income contribution base in 2023/2024 is 62,270 AUD per quarter
- All staff and non-residents
Medical Levy - 2%
Annual income >93,000 AUD for single, 186,000 AUD for families
All staff, foreign residents are exempt

State/Province Level

New South Wales

Type Employer Rates Employee Rates Notes
Payroll Tax 5.45% - Annual thresholds - 1,200,000 AUD

Other Benefit

Other common employment benefits in Australia include:

  • Rent Assistance: Around 500 AUD per month
  • Remote working allowance: Around 200 AUD per month

Income Tax

Residents

  • Tax period: 1st July of the previous year- 30th June of the following year
    Tax filing start date: 1st July of the following year
    Tax filing due date: 31st October of the following year

Country Level

Taxable Income Rate
0 -18,200 0%
18,200 – 45,000 19%
45,000 - 120,000 32.5%
120,000 - 180,000 37%
Above180,000 45%

Non-residents

Country Level

Taxable Income Rate
0 - 119,999 32.5%
120,000 - 180,000 37%
Above 180,000 45%

Working Hours

Statutory

38 hours
7.6 hours/day, 5 days a week

Typical practice

38 hours
Monday- Friday

Overtime

  • Monday to Saturday, 1st 2 overtime hours – 150% of regular pay
    Monday to Saturday, after 2 overtime hours – 200% of regular pay
    Sunday, all day – 200% of regular pay
    Public Holiday, all day – 250% of regular pay

Employment Contract

Fixed Term

Cannot last more than 2 years, can be renewed once but still within 2 years duration

Probation

3 – 6 months

Termination

  • Notice period:
    - 1 week, depending on contract agreements

Public Holiday

7 days
Public holidays can be different depending on the state or territory.

Country Level

Date Name
01 Jan New Year's Day
26 Jan Australia Day
29 Mar Good Friday
30 Mar - 01 Apr Easter Day
25 Apr Anzac Day
27 May Reconciliation Day
05 Aug Picnic Day
25 Dec Christmas Day
26 Dec Boxing Day

State/Province Level

Western Australia

Date Name
04 Mar Labor Day
03 Jun West Australia Day
23 Sep King's Birthday

Leave

Leave Type Entitlement Notes
Annual Leave 4 weeks All full and part time staff
Sick and Carer's Leave 10 working days All full and part time staff
Long Period of sick Leave More than 3 months for a long period of sick leave Extended leave accrued over a long period of service with the same employer
Unpaid Carer's Leave 2 working days All full-time and part-time staff if they have paid sickness or have carer’s leave left
Parental Leave
(Maternity, Paternity, Adoption and Special Maternity)
Up to 18 weeks
Up to 12 months of unpaid parental leave
Staff with 12 months' service
Compassionate/Bereavement Leave 2 days per occasion All part and full -time Staff
Community Service Leave No limit will be unpaid except Jury duty All staff except casual workers for community service for Jury duty
Family and Domestic Violence Leave 10 working days per year All staff, including casual staff
Long Service Leave 6.07 - 13 weeks
Entitlement is subject to the applicable legislation in each state or territory
All full and part-time S=staff after 7 – 10 years' continuous service

Reference

Ready To Expand in Australia?

Have any questions? We’d love to hear from you

Contact Us