Australia- A Perfect Place To Live In
When it comes to the living standard of Australia, this country is considered to have the highest standards of living across the globe. This land of Kangaroos is placed on the third position next to USA and New Zealand regarding the cost of living in major developed countries of the world.
Apart from this, five mainland capital cities of Australia are ranked among the eleven top live-able cities of the world. People from every corner of the globe get attracted to the lifestyle of Australia and want to live in this country. The 2007 World Competitiveness Yearbook has justified the Australian quality of life at its best.
According to a survey by Mercer Human Resource Consulting farm, among 35 cities of the world, Sydney, Melbourne, Perth, Adelaide and Brisbane are considered to be the best places to live in and thus placed ahead of other popular countries of the world, such as: London, Paris, Singapore, Tokyo and New York.
After Norway and Ireland, the Human Development Index of Australia which is also known as HDI is ranked on the third position. Moreover, its life expectancy which is 81 years has been judged as the third highest after Japan and Hong Kong around the world.
The national currency of Australia is Australian dollar. However, one cant go for direct conversion of Australian currency to find out the costs of living in the country. Its all related to the amount of money one makes, their accommodation, city or town where they will be living.
When it comes to income tax pay in Australia, the residents of this nation have to submit an income tax return annually. This country has a quite high rate of income tax.
The best thing about this country is that Australia provides Living Away from Home Allowance or LAFHA to the employees who have to live away from their principal residence to meet their employment responsibilities. It results in a significant amount of saving per year.
This law is applicable to the international employees who are staying in Australia on a working visa. Accountants who are interested to take the advantage of this benefit, can contact the Australian Taxation Office determine their eligibility.