I'm British citizen now living in Austraila (NSW) and am classed as a Australian tax resident. I have a full time (remote) job for a UK company who pay my salary into my UK bank account. I pay no UK tax on my salary as I have a UK tax code of 'NT'. The salary is paid monthly into my UK bank account at which point I transfer some of it to my Austrailian bank account.
So my question is how much tax do I pay on this when I come to do my self-assessment in Australia? Does foreign income count towards my tax-free allowances?
I earn around £70,000 GBP but I will not transfer all of it into my Australian bank account as transferring it cost money (even if I do use TransferWise!). I'm also confused as to how I calculate how much AUD to put on to my tax return. Do I have to use the rate on the day I was paid or the rate when I transferred to mu Austrailian bank account?
Any advice would be much appreciated!