Australia

Last Update by Julie, 11 Dec 2024

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Exchange Rate

22 Jan 2025

 

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

  • Per week: AUD915.90
    Hour: AUD24.10

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

3.75%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Superannuation Fund (Super) 11.5% (12% from 1 July 2025)
Maximum income contribution base in 2023/2024 is AUD 62,270 per quarter 		- All staff and non-residents
Medical Levy (ML) - 2%
Annual income over AUD 93,000 for singles,
AUD 186,000 for families 		All staff. Foreign residents are exempted

State/Province Level

New South Wales

Type Employer Rates Employee Rates Notes
Payroll Tax 5.45% - Annual thresholds - AUD 1,200,000.00

Other Benefit

Other common employment benefits in Australia include:

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

Income Tax

Residents

  • Tax period: 1 Jul - 30 Jun of the following year
    Tax filing start date: 1 Jul of the following year
    Tax filing due date: 31 Oct 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 per day, 5 days a week
Monday to Friday

Overtime

  • Monday to Saturday:
    - The first 2 hours: 150% of regular pay
    - The next 2 hours: 200% of regular pay
    - Sundays: 200% of regular pay
    - Public Holiday: 250% of regular pay

Employment Contract

Permanent

Contract Format

Written in English

Payroll Currency

AUD

Probation

3 – 6 months

Contract Period

No minimum duration

Termination

Refer to the employment contract signed

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation 1 week 1 year or less: 1 week
More than 1 year - 3 years: 2 weeks
More than 3 years - 5 years: 3 weeks
More than 5 years: 4 weeks
Staff aged over 45 with 2 years of service: Additional 1 weeks' notice.		 1 year or less: 1 week
More than 1 year - 3 years: 2 weeks
More than 3 years - 5 years: 3 weeks
More than 5 years: 4 weeks
Staff aged over 45 with 2 years of service: Additional 1 weeks' notice.
Notice Period - Regular As per employment contract signed 1 year or less: 1 week
More than 1 year - 3 years: 2 weeks
More than 3 years - 5 years: 3 weeks
More than 5 years: 4 weeks
Staff aged over 45 with 2 years of service: Additional 1 weeks' notice.		 1 year or less: 1 week
More than 1 year - 3 years: 2 weeks
More than 3 years - 5 years: 3 weeks
More than 5 years: 4 weeks
Staff aged over 45 with 2 years of service: Additional 1 weeks' notice.
Severance Pay Not Applicable Under 1 year of service: 1 week
1 to under 2 years: 4 weeks.
2 to under 3 years: 6 weeks.
3 to under 4 years: 7 weeks.
4 to under 5 years: 8 weeks.
5 to under 6 years: 10 weeks.
6 to under 7 years: 11 weeks.
7 to under 8 years: 13 weeks.
8 to under 9 years: 14 weeks.
9 to under 10 years: 16 weeks.
Over 10 years: 16 weeks.
Staff aged over 45 with 2 years of service: Additional 1 weeks' notice.		 Under 1 year of service: 1 week
1 to under 2 years: 4 weeks.
2 to under 3 years: 6 weeks.
3 to under 4 years: 7 weeks.
4 to under 5 years: 8 weeks.
5 to under 6 years: 10 weeks.
6 to under 7 years: 11 weeks.
7 to under 8 years: 13 weeks.
8 to under 9 years: 14 weeks.
9 to under 10 years: 16 weeks.
Over 10 years: 16 weeks.
Staff aged over 45 with 2 years of service: Additional 1 weeks' notice.

Public Holiday

7 days
Public holidays differ according to the state or territory

Country Level

Date Name
01 Jan New Year's Day
27 Jan Australia Day
18 Apr Good Friday
21 Apr Easter Monday
25 Apr ANZAC Day
25 Dec Christmas Day

State/Province Level

CX

Date Name
29 Jan - 30 Jan Chinese New Year
31 Mar Hari Raya Puasa
06 Jun - 07 Jun Hari Raya Haji
06 Oct Territory Day
26 Dec Boxing Day

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 Term 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.
Parental Leave (Maternity, Paternity, Adoption and Special Maternity) Up to 18 weeks
+ 12 month extension 		All staff with 12 months' service.
Unpaid Carer's Leave 2 working days All full-time and part-time staff (if the paid sick and carer's leave have been fully utilized)
Compassionate and Bereavement Leave 2 days per occasion All full-time and part-time staff.
Community Service and Jury Duty Leave Community Service- No limit
Jury Duty - 10 days 		All staff except casual workers for community service and Jury duty
Family and Domestic Violence Leave 10 working days per year All staff, including casual staff
Long Service Leave (LSL) 6.07 - 13 weeks
 Entitlement varies by state or territory; available to all full-time and part-time staff after 7 - 10 years' continuous service

Reference

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