🇦🇺 Australia · Insurance
Insurance in Australia — health, travel, and digital-nomad cover, what is mandatory, and how to choose a plan.
In Australia, compulsory superannuation (employer contributions to your retirement fund) is the main "social insurance"; there is no separate payroll social-security tax beyond the Medicare Levy. Compulsory Third Party (CTP) motor insurance is required to register a vehicle. Insurers and super funds are prudentially regulated by APRA, with conduct overseen by ASIC; the government's Moneysmart site offers consumer guidance.
- Compulsory superannuation: employers must pay a percentage of your wages into a retirement fund.
- Compulsory Third Party (CTP) insurance is required to register a vehicle; other cover (home, life) is optional.
- APRA prudentially regulates insurers and super funds; ASIC oversees conduct.
- The government's Moneysmart site gives independent consumer guidance.
Official authorities
- APRA (prudential regulator)
Regulates insurers and superannuation funds.
- Moneysmart (ASIC)
Official consumer guidance on insurance and super.
Official-information aggregation, not legal advice. Always verify on the authority's own site.
Government portals
- Australian Government — Australian Government's official entry point — quick access to all department services
- Dept of Home Affairs — Student/work visas, skilled migration (189/190/491 subclasses), and citizenship applications
- Australian Tax Office (ATO) — TFN application, tax refunds, GST, superannuation, and personal income tax lodgment