Financial Matters
You should finalise your financial matters before leaving Australia.
Download the going home checklist (page 8 and 9 of the returning home guide) to ensure you finalise all financial matters before departing.
You should finalise your financial matters before leaving Australia.
If you have accumulated any superannuation whilst working in Australia, you may be eligible to access your superannuation (subject to withholding tax) when you permanently leave Australia. You will need to complete an ‘Application for Departing Australia superannuation payment (DASP)’ form for temporary residents, which is available on the Australian Taxation Office website.
This form may be completed if you are an eligible temporary resident who is requesting a payment of your superannuation benefits from your superannuation fund.
Alternatively, you may complete an equivalent form available from your superannuation fund. If you are still in Australia, please call the Superannuation Info line for further information on 13 10 20. If you have left Australia, you can email DASPmail@ato.gov.au.
The Australian Tax Office (ATO) policy may accept early lodgement of returns for individuals before the end of the financial year in certain circumstances. These are the circumstances:
You are considered a non-resident of Australia for tax purposes and can lodge an early return if:
You are considered a resident of Australia for tax purposes and can lodge an early return if:
If you are unsure whether or not you will continue to be a resident of Australia for tax purposes, read 'Your tax residency' at the ATO website.
If you are not leaving Australia permanently, or will receive Australian sourced income (other than interest, dividends, and royalties) after leaving Australia, you should lodge your return during the normal lodgement period (1 July to 31 October).
If you meet the requirements outlined above, you will need to follow instructions at ATO’s website.
If you have been studying in Australia on a student visa, you will have had Overseas Student Health Cover (OSHC) and may be entitled to a refund for any outstanding cover.
For example, you may have four months of cover left on your policy, which you will not use after you leave Australia, so you can claim it back. See your health cover provider for details.
You will need to provide evidence of the day you plan to leave Australia (e.g. an air ticket), and details of an overseas bank account.
If your OSHC provider is Medibank, please see their website for information about requesting a refund.
The TRS enables you to claim a refund of the goods and services tax (GST) that you pay on goods you buy in Australia. The scheme is limited and is only relevant to amounts for purchases over $300 in one store within 60 days of your departure. Further information on the Tourist Refund Scheme.
Download the going home checklist (page 8 and 9 of the returning home guide) to ensure you finalise all financial matters before departing.
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