Students should work out a complete budget covering living, accommodation, tuition, health and entertainment expenses. Travel costs and child care, if applicable, must also be taken into account. General information about the cost of living in Australia can be obtained from Australian diplomatic missions and international student offices at education institutions.

Money and banks

Australian currency is the only legal tender here. Money from other countries can be changed at the exchange facilities located at international airports, banks, and major hotels. Travellers cheque are easier to use if already in Australian dollars however banks will cash travellers cheques in virtually any currency. Major hotels and some shops, depending on individual store policy, will cash travellers cheques.

Banking hours are Monday to Thursday, 9.30 am. to 4.00 pm. and Friday, 9.30 am. to 5.00 pm.

Credit cards

The most commonly accepted credit cards are American Express, Bankcard, Diners Club, Mastercard, Visa and their affiliates. Banks will cash travellers cheques in virtually any currency - check the ANZ web site listing for further information.

Tuition fees

Overseas students are exempt from any HECS liability but are charged up front fees designed to provide full cost recovery.

 Costs vary according to the course chosen and the institution. International students can undertake undergraduate, postgraduate course work and higher degree research programs. Fees range from $A4800 to $A14 000 a year. Institutions may also make an additional charge to cover other costs associated with being a student, for example, student union membership, library and laboratory costs and sports facility costs.

 Tuition fees in Australia for international students are competitive with other countries, especially if current exchange rates are taken into account.

 Many institutions charge enrolment fees, payable at the time of application. Other charges may include: student union fees; parking; and library access. Some courses make specific charges for excursions, books, stationery and other essential materials.

Insurance

Students in Australia are responsible for their own accident and property insurance. It is a good idea to take out travel insurance before leaving your country.