Expat Australia News

Latest 10 news items tagged Australia

17 Oct at 6 PM 2014

Female expat in Spain accused of property fraud still on the run

Whilst most expat attention nowadays is focused on how to avoid financial fraud, a British expat is on the run in Spain after being accused of a long-term rental property scam. Many expats don’t realise that life in paradise can swiftly turn to life in hell, often with the assistance of seemingly trustworthy business people from their own home country. Rebecca Wells, a keen horserider from the UK, provides a perfect example of the kind of helper no-one needs, having gone on the run after being accused of property fraud. Wells...
16 Oct at 6 PM 2014

Christchurch rebuild halves emigration from New Zealand South Island

Ever since the rebuild of earthquake-devastated Christchurch began, Kiwi expats have been returning to help, with nationals who’d planned to migrate also joining in the reconstruction of their much-loved city. Migration from New Zealand’s South Island has almost halved during the past two years, with locals joining with incomers from overseas. Everyone wants to be a part of of the rebirth of a city, with experienced expat construction engineers, experts and craftsmen in the building trade all working hand in hand whatever their...
15 Oct at 6 PM 2014

Irish con man in Spain outed by sharp eyed expat pensioner

An Irish conman who preyed on wealthy widows and pensioners has been outed on the Costa del Sol by a sharp-eyed 71-year old who’d met up with him via an online dating site. 60-year old Sean Whelan’s seductive online and offline charms had already cost a Florida woman her life savings of around £70,000 after they’d met on another dating site in 2007. The slick fraudster flew to Florida, proposed marriage, then offered to invest her savings in a Mauritius bank but fled back to Dublin with the cash. Presumable down to his last...
15 Oct at 10 AM 2014

Europe set to take over from Middle East as expat bonus hub

Although the Gulf States have traditionally attracted the majority of expat professionals due to generous bonuses, Europe is set to take over the rewards crown. Today’s expanding Western-based bonus culture is the result of a recovery from the devastating effects on international companies of the 2008 financial crash. The tightening of corporate belts and the disappearance of many investors meant bonuses were drastically cut or disappeared altogether. Recent research has shown that Europe is likely to be the first world region...
15 Oct at 10 AM 2014

UK FCA sets up website to help investors identify financial scams

As part of yet another warning against financial scammers, the UK’s Financial Conduct Authority has set up their Scamsmart website in order to help unwary investors identify cold-calling fraudsters . The website was developed using monies recovered from the criminal element operating within the financial advice sector, and concentrates mainly on cold-calling by fraudulent FAs. Online redirections send investors to the authority’s scam alert list of dodgy operators of cloned companies and unregistered advisors with a murky history....
14 Oct at 6 PM 2014

IRS warns compliant foreign banks over tax scammers

Yet another FATCA-related risk for US expats worldwide has been identified via an IRS warning over scammers posing as the regulator in order to obtain access to expat bank accounts. The IRS fraud alert was sent to banks in all countries which signed up with the US Foreign Account Tax Compliance Act after numerous reports of attempts to gain account holder identities and financial information. Fraudsters worldwide, it said, are posing as IRS employees in order to institute phishing scams. Overseas financial institutions are not...
14 Oct at 6 PM 2014

Australia still beats the competition for best UK expat destination

As Northern Europe’s chilling winter months draw nearer and the results of seasonal surveys of the perfect expat destination hit forums and advice websites, potential migrants could be forgiven for an excess of confusion over which destination is best. The NatWest Quality of Life Survey, one of the better indications of migration preferences, produced a surprise this year with its conclusion that the West as a preferred expat destination is being overtaken by Eastern delights. Even so, Australia still tops the chart as UK expats’...
14 Oct at 6 PM 2014

Saudi construction companies to replace professional expat staff with locals

Expat engineers on contract to Saudi construction companies with important projects now fear the loss of their jobs due to the controversial Nitiqat programme. Saudi companies are only required to fill seven percent of their vacancies with local workers in order not to disrupt the progress of major construction projects. However, many major firms are now planning to replace qualified and experienced expat professionals with Saudi labour in order to comply with the Kingdom’s Saudization scheme. According to one construction site...
24 Sep at 6 PM 2014

Missing expat Premium Bond prizewinners urged to claim their windfalls

Two British expats who’ve probably forgotten they’d bought Premium Bonds are sitting on a major windfall totalling £150,000. The UK’s Premium Bond scheme encouraged millions of post-war Britons to buy its shares at £1 each and take part in its monthly draws. Many savers won small or larger prizes over the years until the National Lottery and the later Euro lotteries began offering huge prizes not linked to savings. One of the two unclaimed prizes is due to a woman holding six bonds who emigrated to Australia and...
22 Sep at 6 PM 2014

Saudi banks to monitor expat account incomes in proportion to salaries

In a move designed to trace foreign workers with unofficial as well as officially permitted jobs, Saudi banks will now begin monitoring expat bank accounts for unexplained income. The move is aimed at expat workers in the kingdom who are receiving salaries for a permitted job and are also operating businesses on the side. It’s also expected that a crackdown on unofficial businesses will help stem the flow of overseas remittances leaving the country. According to Saudi’s Media and Banking Awareness Committee’s secretary...