$150,000 a year for doing nothing..
 

No, not a thread about politicians, but about mining:

A SKILLED fly-in fly-out driller hired for an offshore rig sat in his Perth home for more than six months on full pay of about $150,000 a year, waiting for the call telling him he was finally needed on site.
These ''benchwarmers'', as they are known in the industry, sit pretty until the company they have signed on with needs them, or their labour hire firm sends them on a project.

http://www.smh.com.au/business/flyin...#ixzz1sfd2LrfX

The founder of FIFObids, Michael Haywood, owned two mid-tier gas and mining services companies, but could not find the skilled fly-in fly-out staff he needed. Instead he relied heavily on 457 visa workers. ''It's just so difficult trying to get workers,'' he said of his situation last year.

Some of those posting about doom and gloom in Australia might need to explain this away.....

Re: $150,000 a year for doing nothing..
 

Aren't those highlighting the current negative aspects of the Australian economy referring to the areas outside of mining? We all know mining is currently in a boom, but other areas of the economy are definitely not.

Re: $150,000 a year for doing nothing..
 

How much Tax do you pay on $150000? as I am trying to work it out ...

Re: $150,000 a year for doing nothing..
 

Depends upon how much you can claim and what for. I would expect to pay around $50,000 in tax on that. That would include the medicare levy etc.

Re: $150,000 a year for doing nothing..
 

That's alot of Tax....

Re: $150,000 a year for doing nothing..
 

On a 457 you'd pay ALOT less than 50k. With LAFHA and a novated lease my taxable salary is reduced by 40%.

Re: $150,000 a year for doing nothing..
 

Gissajob:(

Re: $150,000 a year for doing nothing..
 

I thought LAFHA was ending, but you are right, you can reduce the tax.

Re: $150,000 a year for doing nothing..
 

That's not bad if you pay 40% less tax but what about if you are not on a 457 visa :ohmy:

Re: $150,000 a year for doing nothing..
 

About $45,000 including medicare levy before deductions...

Re: $150,000 a year for doing nothing..
 

Mining is the ONLY sector booming, all other sectors are struggling big time, that isnt doom and gloom it is just the facts. Noone thinks Australia is going to fall on its arse just like noone with half a brain would liken the UK to a third world economy but it is very clear things will be getting much harder in the next few years.

Re: $150,000 a year for doing nothing..
 

Not everyone on a 457 gets LAFHA, it isn't a god given right.

Re: $150,000 a year for doing nothing..
 

My husband paid $89k in tax last year!

Re: $150,000 a year for doing nothing..
 

meaning he must have earned a lot in the first place :thumbup:

Re: $150,000 a year for doing nothing..
 

He did :)