WHV funds

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WHV funds


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Old 03-04-2010, 04:02 PM
 
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WHV funds

Hello all, i am currently looking into going to Australia on a WHV and have been researching about funds required to enter. Lots of places seem to be quite vague on explaining this. I have found out that $5000 is needed with a return flight. Does this have to be in an account or do Credit Cards class as being sufficient funds aswell? I already have a job awaiting me in Australia and the job comes with accommodation and transport. Although it would be one month til my first payday (2 weeks in hand then Fortnightly pay).

Any help on this will be much appreciated,
Cheers Bruce


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Old 03-04-2010, 09:55 PM
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Quote:
Originally Posted by Sparky243 View Post
Hello all, i am currently looking into going to Australia on a WHV and have been researching about funds required to enter. Lots of places seem to be quite vague on explaining this. I have found out that $5000 is needed with a return flight. Does this have to be in an account or do Credit Cards class as being sufficient funds aswell? I already have a job awaiting me in Australia and the job comes with accommodation and transport. Although it would be one month til my first payday (2 weeks in hand then Fortnightly pay).

Any help on this will be much appreciated,
Cheers Bruce
The reason for the quite vague explanations is that yes, as you've read there's the $5000/rf proviso but in practice it rarely if ever gets checked and then you'll get some people prattle on about why you should etc., the TT being famous for it.
Most people use their credit cards as much if not more than cash these days and yes, a CC is fine.

Sounds like you've done well with a job already lined up and you ought to be fine.
You're limited to six months with one employer as you may know and if it looks to be for that long, there's something of a bonus you can make use of in establishing yourself somewhere for at least that long to qualify as a permanent resident for taxation purposes - check under personal on Australian Taxation Office Homepage and some big savings on taxation to be had as non-residents pay a flat 29 cents/$ in tax whereas for residents there's zero tax paid for up to about $6000 income and then a rate of only 15c/$ up to about $25,000 income - so it can add up yo quite a bit.

If you do your three months regional specific work to qualify for a second WHV, you can go back to work for the same employer for another six months.

Edit: Just an afterthought too Bruce and if by chance Sparky infers you're an electrician, you do need to have your qualifications assessed and also be licensed for particular states/territories to legally work in Australia.





Last edited by Wanderer; 03-04-2010 at 09:58 PM.

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Old 03-05-2010, 03:12 PM
 
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Thanks for the quick answer Wanderer. Yes as my name suggests i am an electrician, but the job i have got is installing PV arrays (solar panels) and all my work HAS to be checked by the companies qualified electricians. I have read the 6 months max for one employer but the company im going to be working for is made up of 4 companies, so ill be kinda of changing companies. I dont know about the regional part for the extra 12 months since ill be in the Gold Coast for 98% of the time but have been told they could send me anywhere in Austrailia for a time. I still need to sort out my TFN but ill be doing that closer to the date of travel so that its ready for me arriving (hopefully).

Glad that Credit Cards are acceptable forms of proof of funds, rather have the $5000 funds and not get checked than risking it and getting checked.
Once again thank you for getting back to me quickly, much appreciated.

Bruce


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Old 03-05-2010, 11:30 PM
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Originally Posted by Sparky243 View Post
Thanks for the quick answer Wanderer. Yes as my name suggests i am an electrician, but the job i have got is installing PV arrays (solar panels) and all my work HAS to be checked by the companies qualified electricians. I have read the 6 months max for one employer but the company im going to be working for is made up of 4 companies, so ill be kinda of changing companies. I dont know about the regional part for the extra 12 months since ill be in the Gold Coast for 98% of the time but have been told they could send me anywhere in Austrailia for a time. I still need to sort out my TFN but ill be doing that closer to the date of travel so that its ready for me arriving (hopefully).

Glad that Credit Cards are acceptable forms of proof of funds, rather have the $5000 funds and not get checked than risking it and getting checked.
Once again thank you for getting back to me quickly, much appreciated.

Bruce
Might be a couple of birds to be knocked over together for you there Bruce for whilst the Gold Coast proper is not likely classed as regional [ and it goes on postcodes ] , some country areas would be.
I'm not too sure though whether the work you'll be doing will be classed as meeting the requirements, as though the three months qualifying has been extended from mainly agriculture to the likes of forestry, mining, fishing and construction industries, fitting solar systems would be stretching the construction definition, but get your prospective employer to make a submission to Immi and you never know - they could do that via Contact Us - Department of Immigration and Citizenship or Contact Us – Compliments and Complaints – Department of Immigration and Citizenship or you could even do it yourself, though possibly more clout from an employer.

Be wary about working for the "different " companies as though it's unlikely a check would be made, if there was an the companies are shown to be associated, there could be complications.
I think if they're like separate franchises you could be OK or if they have separate ABN numbers you should be OK.

But regardless, if you wanted to get a second WHV and the type of work doesn't count, get yourself off www.wwoofing.com.au for three months [and maybe even possible to arrange that in tandem with working ] and with the extra time or even without it, see about doing your trade assessment and an Australian Regs short [ 2W] course as a step to licensing.

Even with the trade assessment, maybe the company can offer you an Employer Sponsorship 457 visa as a step towards staying permanently if you reckon that's what you might like, or at least having the option to stay a while, get PR and then the option to settle permanently.





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