If you have a student visa and want to work in Australia you may have to make amend your visa to include working rights in Australia.If you do not apply for a TFN in Australia chances are you will not get hired by an employer without it.As a Temporary Visa Holder or Permanent Migrant, you can apply for your Australian Tax File Number (TFN) online once you are IN Australia. You online tax file number application will be sent by the Australian Taxation Office (ATO) to the Department of Australian Immigration and Citizenship (DIAC) to verify your documentation, ie you have a valid working visa or a PR visa and you are present in the country.1.
This will ensure that pensioners below Age Pension age do not pay the Medicare Levy when they do not have an income tax liability.
From 1 July 2012 the low income threshold for this group will be fixed at the level applicable to seniors entitled to the Senior Australians Tax Offset (SATO), as part of the merger of the pensioner tax offset into the SATO, which was announced as part of the Clean Energy Future Plan household assistance package.
The Medicare Levy low-income threshold for pensioners below Age Pension age will also be increased.
For the 2011-12 financial year, the threshold will rise to ,451 (up from ,439).
You will also end up paying more in tax plus not be eligible for any government benefits.
To open up a bank account in Australia you will most likely be asked for your TFN.
For families, the additional amount of threshold for each dependent child or student will also be increased to ,007 (up from ,919).
The increased threshold for families applies for the 2011 12 income year and future income years while the increased threshold for singles applies only in the 2011 12 income year, as this threshold will rise to ,542 in 2012 13 as part of the Clean Energy Future Plan household assistance package.
The Government will raise the low-income thresholds for the Medicare Levy and Medicare Levy Surcharge as part of the 2012-13 Budget, reinforcing the Government’s commitment to supporting low-income Australians and those most in need.
Page last updated: (PDF 268 KB The Government will raise the low-income thresholds for the Medicare Levy and Medicare Levy Surcharge as part of the 2012-13 Budget, reinforcing the Government’s commitment to supporting low-income Australians and those most in need.
The increase in the threshold will be backdated to take effect from 1 July 2011.