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Money and budgeting

Learn about Australian currency, banks and the cost of living in Victoria

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Australian currency

Find out the basics of Australian currency, including denominations and tips about rounding up and rounding down.

Banking in Victoria

There are four major banks and a number of credit unions in Australia. You'll need some ID and your letter of offer to open an account.

The cost of living in Victoria

When you're planning your study in Victoria consider accommodation, electricity, telephone, transport and food costs.

Financial hardship

There are a number of steps you can take if you are experiencing financial hardship.

Paying tax in Australia

In Australia, if you have an Australian bank account or if you work and earn money, you need to have a tax file number (TFN) and lodge an annual ta…

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We acknowledge the Traditional Aboriginal Owners of Country throughout Victoria and pay our respects to them, their connections to land, sea, and community. We pay our respects to their Elders past and present and future Traditional Owners.

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We respect and welcome people of all backgrounds, genders, sexualities, abilities and cultures.

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Page updated: 3 Apr 2023