When earning interest on savings, do Aus take out tax at source, as per UK, or is interest paid gross and you then put it into your earned income for tax purposes.
Another words, if not earning any income, you can get interest up to A$6,000 without paying income tax?

If you do not provide a Tax File Number (TFN), the bank will deduct 48.5% and forward it to the ATO.

You may then get it back when you lodge your tax return. You can earn up to roughly $7500 per year before any tax is payable.

For a very good accountant see http://www.southerntaxationservices.com.au. They work in all states of Australia.

Marky

So long as you provide your TFN no tax will be taken from your interest payments so you have to declare them on your annual tax return. So yes it is different to the Uk system.

I believe your first $6,000 income is tax free no matter where it comes from if you are considered tax resident in Oz.