Australia Cross Border Resources

From Planipedia

Thanks to the Financial Planning Association for sharing their material to create this page.

Contents 1 Cross Border Planning - Overview 2 Country Information - Australia 3 Quality of life – local flavor and customs 4 Immigration issues 5 Cash management 6 Tax Planning 7 Investment Planning 8 Risk management 9 Retirement Planning 10 Estate Planning and Succession Taxes 11 Local Regulation 12 Referrals to Local Planners

Cross Border Planning - Overview

Country Information - Australia

In an effort to provide information on financial planning issues in the Australia, FPA volunteers have gathered the following links together to point you towards a variety of different resources.

Each link has a descriptive tag explaining what type of site the link goes to. The tags are: • GOV for government or regulatory sites • ORG for non-profit or association sites • EDU for academic or educational sites • COM for commercial sites, such as product providers

Virtually all of the links lead off of FPA's Web site.

Quality of life – local flavor and customs

Health

• http://www.health.gov.au (gov)
• http://www.betterhealth.vic.gov.au (gov)
• http://www.healthinsite.gov.au (gov)

Social Security coverage

• http://www.centrelink.gov.au (gov)

Education standards

• http://www.education.gov.au (gov)

Ex-pats opinions on quality of life

• http://www.expat-blog.com/en/directory/oceania/australia (com)
• http://www.expatexchange.com/expat/index.cfm?frmid=168&dbname=ee&shared=N&forumid=0 (com)

Immigration issues

Legal Residency

• http://www.immi.gov.au (gov)

Visas and immigration requirements

• http://www.immi.gov.au (gov)

Exchange Control

• http://www.treasury.gov.au/documents/178/HTML/docshell.asp?URL=attc.asp (gov)

Money Laundering and Counter-Terrorism

• http://www.austrac.gov.au/index.html (gov)

Cash management

Bank accounts

• http://www.bankaccounts.com.au (com)
• http://www.cannex.com.au (com)
• http://www.australianaustralia.com/page/Opening_a_Bank_Account_in_Australia/190 (com)

Currency conversion

• http://www.rba.gov.au/statistics/exchange_rates.html (gov)

Education costs

• http://www.education.gov.au (gov)
• http://yourkidsed.com.au (com)

Cost of living analysis

• http://www.abs.gov.au/ausstats/abs@.nsf/mf/6463.0 (gov)
• http://www.gomatilda.com/calculator/index.cfm# (com)
• http://www.aussiemove.com/aus/costlive.asp (com)

Tax Planning

Determining liability for income and gains taxes

• http://www.ato.gov.au/individuals/pathway.asp?pc=001/002/046&mfp=001/002&mnu=1045&st=tp#001_002_046 (gov)
• http://www.ato.gov.au/businesses/content.asp?doc=/content/29089.htm (gov)
• http://www.ato.gov.au/individuals/pathway.asp?pc=001/002/012/005&mfp=001/002&mnu=1118#001_002_012_005 (gov)

Determining liability for estate taxes

• N/A

Foreign Tax Credit arrangements

• http://www.ato.gov.au/individuals/content.asp?doc=/Content/00107951.htm (gov)
• http://www.ato.gov.au/individuals/content.asp?doc=/content/34784.htm (gov)

Local taxation of non-local pensions and investments

• http://www.ato.gov.au/individuals/content.asp?doc=/content/34780.htm (gov)
• http://www.ato.gov.au/individuals/content.asp?doc=/content/8887.htm (gov)

Investment Planning

Asset Allocation viewed globally

• http://www.sirca.org.au/Papers/2004002.pdf (edu)

Risk management

Local litigation risks

• http://www.nla.aust.net.au/index.php (gov)

Liability Insurance

• http://www.business.gov.au/Business+Entry+Point/Business+Topics/Insurance/Types+of+insurance/Liability+insurance.htm (gov)

Health Insurance

• http://www.ahia.org.au (gov)
• http://www.iselect.com.au (com)

Property Insurance

• http://www.ica.com.au/publications/homecontentsguide.asp

Retirement Planning

Local pension design and tax structure on encashment

• http://www.australia.gov.au/topics/benefits-payments-and-services (gov)
• http://www.ato.gov.au/individuals/content.asp?doc=/content/20101.htm (gov)

Social Security agreements between countries

• http://www.centrelink.gov.au/Internet/internet.nsf/publications/int015.htm (gov)
• http://www.dva.gov.au/factsheets/documents/IS97%20Overseas%20(Foreign)%20Pensions.htm (gov)

Transferability of Pensions

• http://www.exfin.com/pension-transfers-australia (com)

Estate Planning and Succession Taxes

Impact on Estate if there is no local Will

• http://www.law4u.com.au/cgi-bin/factsheet_right.asp?article_id=495 (com)

Local taxation of non-local trusts

• http://www.ato.gov.au/individuals/content.asp?doc=/content/8887.htm&page=12 (gov)

Creating an international trust

• N/A

Local Regulation

• http://www.asic.gov.au (gov)
• http://www.findlaw.com.au (org)

Referrals to Local Planners

• http://www.fpa.asn.au/FPA_Content.aspx?Doc_id=9114 (org)