Expat Australia News

Latest 10 news items tagged Australia

18 Apr at 6 PM 2019

San Miguel financial fraud loses expats up to a million dollars

Yet another sad tale of expats being scammed out of their retirement funds shows the issue is still a problem worldwide. The expat community in Mexico’s San Miguel retirement hub is seething with fury as the story of how they were scammed by a well-known personal banking representative breaks. Representative Marcela Zavala Taylor, well known and liked in the community, was the local agent for Grupo Financiero Monex Bank in the region, with her clients trusting her with their pension pots and savings due to her promised high...
18 Apr at 6 PM 2019

Tracking the millionaire expat migration pattern

Of all the expat diasporas going on at the moment, perhaps that of the ‘filthy rich’ tells the most tales. Much is written and read about the reasons behind the ever-increasing expat diasporas, with reasons given including a cheaper cost of living, better weather, more career opportunities, a comfortable retirement or just a wish to see the world. A recent survey focused on the preferences of the one group which rarely gets a mention – the planet’s 14 million high net worth individuals often referred to as the ‘filthy...
15 Apr at 6 PM 2019

Mega financial scammer IFA boss fails to attend Spanish court hearing

The boss of a failed financial advisory company in Alicante is in hiding, having failed to attend a Spanish court hearing. Darren Kirby’s Alicante-based Continental Wealth Management financial advisory company folded in 2017, leaving hundreds of investors out of pocket to the tune of millions. Continental Wealth Management’s Denia office in the Marriott Hotel was an upscale setup aimed at impressing future clients, with the company also managing up to 10 telesales staff dealing with expat clients across Europe. Its modus operandum...
11 Apr at 6 PM 2019

Irish expats in Oz face deportation due to their son’s illness

A long-stay expat family whose son was diagnosed with cystic fibrosis are facing deportation from Australia. Dubliners Christine and Anthony Hyde arrived in Australia ten years ago and are now living in the Victoria State town of Seymour. Tragically, their son Darragh, born in Australia and now three years old, was recently diagnosed as suffering from cystic fibrosis. Both parents are in work, with Anthony a part-time bus driver and Christine as the local primary school’s assistant headmistress. In 2015, the couple applied for...
8 Apr at 6 PM 2019

Kuwait to limit expats’ contracts to five years

Kuwait lawmakers are recomming five year maximum stay for expats. As part of the emirate’s Kuwaitization programme, a committee dealing with Kuwait’s unbalanced demographic structure has recommended a maximum stay for expats of just five years. After the law takes effect, all new expat arrivals will be subject to the new rule with no exceptions, but those already in residence at the time the rule becomes law will be ‘grandfathered’. Of all the restrictions placed on expats in Kuwait over the past few years, this new law if...
4 Apr at 6 PM 2019

Is Saudization failing due to local lack of interest in working?

Saudi Arabia’s Saudization strategy seems to be failing, as huge numbers of expats have left but haven’t been replaced by local talent. Since Saudization became the Kingdom’s buzzword, led by its controversial Crown Prince, some 1.5 million expatriate jobs have been made vacant and offered to Saudi locals. Expat reasons for leaving are many, and include early termination of contracts, the economic slowdown and the feeling that job security is no longer guaranteed. The push for companies to hire Saudi nationals as replacements...
3 Apr at 6 PM 2019

Brexit to threaten Cypriot economy as well as expat lives

British expats and the British economy aren’t the only sectors expected to suffer due to Brexit. The upcoming disaster known as Brexit won’t just wreck the British economy and several million expats’ lives as it will also hit on the economies of a good number of the remaining EU member states. According to a report from Standard and Poor, the Netherlands, Ireland and Luxembourg will be worst hit, with Cyprus also extremely susceptible to the effects of new rules on the export of a variety of services and goods to the UK. The...
1 Apr at 6 PM 2019

Innocent Brit rearrested after emergency UK trip breached travel ban

A British expat cleared of involvement in a Spanish property scam has been rearrested for leaving the country to help his long-term partner deal with her nervous breakdown. Rob Herring, along with his friend Scott Cattell, had been arrested in Marbella in July 2015 after Scott and his then girlfriend had collected a few chairs from a local office run by one Yanis who worked for a fraudulent property company registered as Renty123. The scam involved the posting of fake properties for rent on TripAdvisors’s rental pages until it was...
29 Mar at 6 PM 2019

Scandinavia worst in world for friendship and happiness

Scandinavians in general seem to have a reputation for coolness towards expat arrivals, but Denmark is the worst. Results of a recent survey placed Denmark as the third-worst state in the world for friendliness towards incoming expats. The ease of making friends in a new country is an important factor in the decision whether or not to leave home for a new career pathway, especially if you’re bringing the family along for the ride, as being friendless in a strange land is a scary option. Denmark’s rating as the third-worst country...
29 Mar at 6 PM 2019

How secure are expat jobs in the GCC bloc?

Job security is an important part of the relocation decision, with GCC policies on drastic reductions of the number of expat employees causing would-be expatriate professionals to reconsider. Across the GCC, policies based on the reduction of expat professionals have increased foreign workers’ concerns about the safety of their jobs at a time when home country economic conditions are deteriorating. For example, government jobs across the region are now almost completely taken by locals, following the termination of expats’...