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Thursday 04th May, Issue # 68

Welcome to the May 2017 Pomsinoz Newsletter

imageA warm welcome to everyone who's registered on the forum since our last newsletter. 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 news.

All the Best, Robert - Admin
Money Transfers ↓

imageTop tips when sending money overseas

By John Kinghorn from Moneycorp

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.

Personal service
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 currency risks.

Plan ahead
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.

Next steps
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 by clicking here.
Visa News ↓

imageBreaking 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: http://aumigforu.ms/2pJhQcW

Economy ↓

imageWhich 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: http://aumigforu.ms/2psWrqr

Visa News ↓

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 shortages.

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: http://aumigforu.ms/2oR4ptp
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The free Pomsinoz app in now available in the iOS Store.
Citizenship News ↓

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:

  • 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 test
  • 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 resumption.
Discuss the citizenship changes at: http://aumigforu.ms/2pJjHi2
Forum News ↓

imageHot Forum Topics

The following topics on the forum have been generating lots of discussion since our last newsletter:
Forum Guides ↓

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: https://www.pomsinoz.com/articles.html/forum-help/
  • Account Settings
  • Editing Your Profile
  • Managing Followed Content
  • Searching the Community
  • Sending and Receiving Messages
Forum News ↓

Reminder: Password Resets

Following the website upgrade and the move to a new software platform, it may be that your old password no longer works. If that's the case, just send an email to admin@pomsinoz.com and we'll reset it for you.
 
Forum News ↓

imageForum Etiquette

If someone has taken the time to discuss, and share their experiences with you then please be appreciative of that and thank them accordingly. This applies especially to the migration agents who give their time on the site for free.
Forum News ↓

Sister Site Upgrades

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