Money

Currency exchange

You can change foreign banknotes and travelers cheques at bank branches and most hotels. There are also currency exchange agencies at the airport and in the city centre. Commissions and exchange rates will vary so it may pay to shop around.

The Commonwealth Bank has a foreign exchange calculator available online.

Australian money

Australia uses dollars and cents in the form of banknotes ($100, $50, $20, $10, $5) and coins ($2, $1, 50¢, 20¢, 10¢, 5¢). Australian banknotes are made of plastic, rather than paper.

Banks

Bank branch hours are generally 9.30am to 4pm Monday to Thursday and 9.30am to 5pm on Fridays.

ATMs and EFTPOS

ATMs are widely available in Australia and most accept overseas credit cards and cards linked to the Cirrus or Plus systems. Check with your own bank for more details of availability. Electronic point of sale readers are now installed in many shops and service (gas) stations, many of which can give cash advances on credit cards.

Travelers cheques

American Express and Thomas Cook travelers cheques are easily exchanged, as are many other international brands. As with cash exchanges, you may need to shop around for the best rates and commissions. You will normally need your passport to exchange travelers cheques.

Credit cards

Major credit cards are widely accepted (though some businesses may decline AMEX or Diners' Club - so check before you order your meal).

Goods and Services Tax

Australia has recently introduced a Goods and Services Tax (GST). You may be able to get a GST refund for goods bought in Australia that you will take out with you. Conditions apply, so look for the information brochures when you arrive or contact the Australian Customs Service on phone + 61 2 6275 6666 (from outside Australia) or 1300 363 263 (within Australia). Email information@customs.gov.au.