Thursday 04th May, Issue #
Welcome to the May 2017 Pomsinoz Newsletter
A warm welcome to
everyone who's registered on the forum since our last
If you've only recently joined Pominoz.com and haven't made
a post yet, then why not stop by and say hello.
This month, we've got more hot off the press visa information,
money transfer info, details of how the Australian state
economies are performing and the regular forum
All the Best,
tips when sending money overseasBy John Kinghorn from
Moving to Australia is a big decision. And no doubt you will
want to start your new life with as much money as possible.
One of the main factors affecting the amount of money you
actually start out with is how you choose to exchange your
pounds into Australian dollars (or pounds into dollars if
sending money back home to the UK). That’s where moneycorp
can assist - below are some top tips to help you get the
most for your money.
Using your bank?
Many people leave their foreign exchange in the hands of
their bank. Most are unaware that there are other options
available to save money. Banks typically won’t offer you as
competitive an exchange rate compared with what moneycorp
can offer you. The difference in the rate can be up to 4%,
meaning you get more Australian dollars for your pounds.
Using a currency specialist company means you can transfer
money overseas with the help of your own Account Manager.
They will help you transfer money at the right time, in the
right way – for example, when rates are more favourable.
Your dealer will work closely with you to manage your
The longer you have to arrange your currency transfer, the
more flexibility you will have to ensure you get the best
deal and exchange rate.
Special offer for forum members
No transfer fees if you register through Poms in Oz – banks
can charge up to £40 every time you send money overseas
therefore you can save money on fees alone.
Interested in saving money on your overseas currency
transfers? Well, it is free and there is no obligation to
register for a moneycorp account. Once registered, you will
have an Account Manager who can provide live quotes as and
when you need them, plus they will go through your
requirements in detail. They will also provide information
and guidance on the Pound/Australian dollar exchange rate
Register with moneycorp
by clicking here.
Make an enquiry or ask a question
Breaking News: New Temporary Parent Visa - for a price
Ahead of the official announcement next week, it has been
revealed the the government plans to introduce a new Parent
Visa scheme which would commence in November.
Applicants would be able to apply for a 3 year visa at a
cost of $5,000 AUD or a 5 year visa at a cost of $10,000
AUD. The 5 year visa would have the option to be renewed
once for another $10,000 AUD.
In addition to the sizable initial cost, visa holders would
not be permitted to work and the healthcare costs of visa
holder would have to be met by their children with the
sponsors being legally required to pay for private health
insurance cover for the parents.
It is expected there would be a quota of 15,000 places a
year for the new visa.
Discuss the new parent visa at:
are the Best (and Worst) Performing States so far this year?
It's important to give plenty of thought to which state
you're going to move to when migrating to Australia. Each
state has strengths and weakness's which can impact on your
ability to find a job, afford a house etc. One useful
information source comes in the form of CommSec's quarterly
'State of the States' report.
How are Australia’s states and territories performing? -
Each quarter CommSec attempts to find out by analyzing eight
key indicators: economic growth; retail spending; equipment
investment; unemployment; construction work done; population
growth; housing finance and dwelling commencements.
The latest State of the States report also includes a
section comparing annual growth rates for the eight key
indicators across the states and territories as well as
Australia as a whole. This enables another point of
comparison – in terms of economic momentum.
The latest Report can be viewed at:
Labor outlines policy response to recent 457 visa changes
In a speech given at the McKell Institute, the Leader of the
Opposition, Bill Shorten has vowed to ramp up the fees for
controversial temporary work visas (such as the 457) in a
bid to make sure Australian employers firstly seek to employ
local workers before turning their attention overseas.
At the same time, Bill Shorten also pledged to establish and
implement a new visa to ensure Australia remains an
attractive proposition for the 'best and brightest' talent.
In the speech, Labor has promised not to ratify any trade
deals that forgo labour market testing and they have also
pledged to establish an independent labour market testing
body that would restrict temporary workers’ visas to skills
These announcements come less than a month after the Prime
Minister announced plans to abolish the 457 visa in March
2018 and replace it with the new Temporary Skills Shortage (TSS)
Visa in addition to slashing over 200 occupations from the
list of eligible skilled occupations. "We’ll no longer let
457 visas be passports to jobs that could and should go to
Australians”, commented the PM at the time.
However, the Leader of the Opposition said the Federal
Govt's changes were a "con job".
“Malcolm Turnbull’s proposed changes to 457 visas are little
more than a con job that barely make a difference,”
“Under the Liberals, too many local workers are being left
at the back of the queue for local jobs.” said Bill Shorten.
Under the opposition's plan, the cost of a 2 year visa would
sore from $575 AUD a year to approximately $1,600 AUD per
year or $6,400 AUD for the 4 year visa.
This change would represent an increase to 3% of the
temporary skilled migration income threshold, with the
additional funds raised being directed to a training fund.
Describing the policy, Bill Shorten said “This is a strong
price signal to employers that they should be looking for
local workers first,”
“Under Labor, putting local workers first won’t just be
fairer – it will be cheaper.”
Running along side this, Labor would roll out a new “Smart”
visa for what it calls world leaders in science, medicine,
academia, research and technology to ensure highly skilled
migrants were still attracted to Australia.
An Australian Skills Authority would have a remit for
producing a single skills shortage occupations list and
advise the government of the day on current skills shortages
and future skills requirements.
Discuss the recent 457 Visa changes at:
The free Pomsinoz app in now available in the iOS Store.
Australian Citizenship overhaul
Just after we'd gone to press with last month's newsletter,
the Government announced a major tightening of the
requirements for Australian citizenship.
Specifically, the Australian Government is strengthening
the requirements to become
an Australian citizen, by:
Discuss the citizenship changes at:
- Increasing the general
residence requirement, which means an
applicant for Australian citizenship will need to
demonstrate a minimum of four years permanent residence
immediately prior to their application for citizenship.
- Introducing an English language test, which
means applicants will need to demonstrate competent
English language listening, speaking, reading and
writing skills before being able to sit the citizenship
- Strengthening the Australian Values Statement
in application forms for visas and citizenship to
include reference to allegiance to Australia and require
applicants to make an undertaking to integrate into and
contribute to the Australian community.
- Strengthening the test for Australian citizenship
through the addition of new test questions about
Australian values, and the privileges and
responsibilities of Australian citizenship.
- Introducing a requirement for applicants to
demonstrate their integration into the Australian
community. Applicants will need to demonstrate their
integration into the Australian community by providing,
for example, documentation to the effect that people who
can work are
working, or are actively looking for work or seeking to
educate themselves; that people are contributing to the
community by being actively involved in community or
voluntary organisations; that people are properly paying
their taxes and ensuring their children are being
educated. Applicants’ criminal records and adherence to
social security laws are also relevant.
- Strengthening the Pledge of commitment in the
Australian Citizenship Act 2007 to refer to allegiance
to Australia; and extending the requirement for
individuals aged 16 years and over to make the Pledge of
commitment to all streams of citizenship by application,
including citizenship by descent, adoption and
Hot Forum Topics
The following topics on the forum have been generating lots
of discussion since our last newsletter:
Guides to using the new forum software
We've added several guides to help you use the new forum
software. These can be accessed in our articles section on
the forum at:
- Account Settings
- Editing Your Profile
- Managing Followed Content
- Searching the Community
- Sending and Receiving Messages
Sister Site Upgrades
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