Not just known for its lovely landscape, Australia is also renowned for its outstanding social security system around the world. By becoming an Australian permanent resident and Australian citizen, you will be eventually authorized some governmental benefits which
Residents are will be as follows:-
MEDICARE
The universal healthcare scheme in Australia is Medicare; it is functioned by the government authority that is the Medicare Australia. Medicare is the chief or the main scheme of health care in Australia which is funding the primary health care for the Australian citizens as well as the permanent resident holders entitled to subsidised treatment from general medical practitioners, nurse practitioners and related health professionals who have been provided a Medicare provider number, and can also acquire free treatment in public hospitals in Australia.
SUPERANNUATION
Superannuation in Australia refers to the provisions individuals create in Australia to accumulate funds to substitute their income in retirement. Superannuation in Australia is government-supported and stimulated, and the minimum provisions are compulsory for all the employees.
Employers are required to pay a percentage on top of an employee’s salaries and wages which are 9.5% as of 1 July 2014 into a superannuation fund; however, people are encouraged to further increase their superannuation. By default the employers have to pay to an authorised My Super product from January 2014, also an individual can withdraw these funds however there is an eligibility specified for males as well as females which 65 and 60 respectively.
UNEMPLOYMENT BENEFITS
“Newstart Allowance”, is the unemployment benefit received by an individual, but conditions for becoming eligible for it is that you need to be aged between 22 to 64 also unemployed and must seek work actively.
ILLNESS & DISABILITY BENEFITS
There is a sickness allowance which is provided on a short term basis in case of employment or even in case of self-employment, at the same time you are not supposed to study or temporarily work due to the medical condition. In few cases, the student who is doing full-time study can also get this allowance. There is a Disability Support Pension which provides monetary support if there is an intellectual, physical or any such condition that is not letting you work.
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