Expat Australia News

Latest 10 news items tagged Australia

17 Feb at 6 PM 2017

UK expat frozen pensions still under fire in Australia

In spite of many legal and political knock-backs, the fight against the British government’s stance on frozen pensions is still alive and kicking in Australia. The disgrace of frozen pensions has continued over many years, with many thousands of elderly UK long-stay expats living overseas being forced into increasing poverty by the rule. Currency fluctuations make matters worse, as a heavy fall in sterling can mean the difference between just getting by and being unable to support even the most basic lifestyle. Often, UK pensioners...
13 Feb at 6 PM 2017

Scots couple take the 44,000 mile high road from Australia through 35 countries

A Scots couple returning home after spending 11 years living in Australia are taking the self-drive scenic route and visiting 35 countries on the way. After some years working in Australia’s banking and finance sector, Phil and Lisa Armstrong decided it was time to return to Scotland. Unlike most homesick expats whose first priority is buying a plane ticket, the couple bought a second-had Toyota Land Cruiser and a map, then settled down to plan their amazing itinerary. According to Lisa, they’d always enjoyed road trips and...
9 Feb at 6 PM 2017

Finland tops survey for expat kids education

One of the most important aspects of moving overseas en famille is the childrens’ safety, education and quality of life. Expat parents looking to settle in an unfamiliar country in order to take up a new job or start a small business need to put their childrens’ welfare high on the list of preferences. Finding a good, affordable international school, discovering what leisure activities are available, finding housing amongst other friendly families and, most importantly, ensuring the location is good for all-round health and safety...
2 Feb at 6 PM 2017

Expat investor fury ramps up after LMIM management cleared by Oz court

Expat investors who lost millions when LM Investment Management crashed in March 2013 were furious when an Australian judge cleared LMIM’s founder of any wrongdoing. Up until several weeks before LMIM, now declared a Ponzi scheme, went into administration, unlicensed financial advisers in Southeast Asia and Australia continued to push clients to invest. At that point, according to reports, IFAs touting the fund were receiving upfront commissions as high as 15 per cent. The collapse wiped out some £500 million of investors’ savings...
31 Jan at 6 PM 2017

Hints on the Australian working culture for confused expats

Australia may well share a language with UK and US expats, but its working culture might take some time to understand. Business ethics in other cultures are often a real challenge for newly-arrived expat professionals, especially when the spoken language is unfamiliar. However, Australia’s strong links with the West and its use of its somewhat unique version of the English language may sound encouraging, but the island continent has its own very individual ways of expressing itself in the workplace. Long-term expats with...
26 Jan at 6 PM 2017

Australia targets Ireland with new Working Holiday Visa package.

Australia has launched an appeal to younger Irish nationals to consider up to two years’ stay in the country on a Working Holiday visa package. Once a popular way for Irish citizens to experience Australia in the longer term, the Working Holiday Visa scheme has declined in popularity over the last few years. In 2011/12, successful applicants from the Emerald Isle totalled 2,827, but data from 2015/16 showed a drop to just 6,743, resulting in the new package now on offer to those wishing to experience the real Australia. For many...
13 Jan at 6 PM 2017

Can UK expats rely on state pension to cover bills

The UK state pension is one the most ungenerous in the developed world, forcing many British retirees to relocate in order to take advantage of lower costs of living elsewhere in Europe or Asia. Taking into account that UK pensions are frozen unless the relocation is to countries whose governments have an agreement with the UK, even those who move to cheaper EU destinations can find it hard to manage due to currency fluctuations. Even so, for many expats, the UK retirement pension forms the majority of their retirement...
10 Jan at 6 PM 2017

Kuwaiti MP hits out at expat right to change employers

Expat professionals working in Kuwait are under attack again regarding their right to change employers and residence permits. Kuwaiti MP Mubarak al Hajraf is being quoted in the Arab Times as attacking his government for not nationalising the jobs market as a tool to assist Kuwaitization of the workforce. Other oil-producing states are, he says, reorganising their labour markets to reduce dependence on foreign workers, whilst Kuwait is encouraging the continuance of the status quo. Al Hjraf is also up in arms over so-called...
3 Jan at 6 PM 2017

Survey shows UAE still tops for career minded expats

Expats determined to further their careers should still head for the UAE, according to the latest survey by HSBC. Regarded as the best expat destination for successful careers in Asia and the Middle East, the UAE is also the fourth best in the world for salaries, relocation benefits packages and overall lifestyle.UAE-based responders to the Expat Explorer survey numbered over 3,000, with the results showing the work environment had improved still more over the results of the 2015 study. The survey included a number of categories...
2 Jan at 6 PM 2017

LMIM ponzi scheme boss gets away with it in Oz civil court

Founder of LM Investment Management Peter Drake has walked free from an Australian federal court after being cleared of wrongdoing. Charges against Drake were brought by Australia’s Securities and Investments Commission after the April 2013 collapse of what has been described as an ‘elaborate Ponzi scheme’ by advisors to the 1,200 investors robbed of a total of $800 million. The investments are reputed to have been touted across the expat world by commission-hungry independent financial advisors, the majority of whom were working...