The Oz Tax System

The Oz Tax System

If you work in Australia, tax will be withheld from your pay and you may need to lodge a taxback each year. The requirement to lodge a tax return will depend on how much income you have earned during the year.

The Australian income year starts on 1 July and ends on 30 June the following year.

As a working holiday maker the first $37,000 of your income is taxed at 15% and the balance is taxed at ordinary rates. You are a working holiday maker if you have a visa subclass:

  • 417 (Working Holiday)
  • 462 (Work and Holiday).

As a working holiday maker, your employer also has to pay super for you if you are eligible. When you leave Australia you can apply to have your super paid to you as a Departing Australia Superannuation Payment (DASP). The tax on any DASP made to working holiday makers on or after 1 July 2017 is 65%.