Backpackers Leave Their Money for Australian Government
Ever had that feeling at the airport, thinking you’ve left something behind, well you probably have! Every year thousands of Working Holiday Makers leave Australia and forgot to claim their super. According to the Australian Taxation Office ( ATO), a whopping 540 million dollars of backpackers money is unclaimed, with an additional $20 million being forgotten each year. Now that’s a few buckets in Thailand! Superannuation money becomes “unclaimed” and moves into the hands of the tax office, when an individual reaches 65 years of age, dies, or is a temporary resident has left Australia, which is what will happen Read more