There has been a reduction in the number of working holiday makers coming to Australia since 2012. Therefore in an effort to boost numbers the government has announced two financial changes from 1 January 2017:
the application fee will be reduced from $440 to $390, and
the tax rate applying to working holiday makers will be set at 19 per cent on earnings up to $37,000, rather than the 32.5 per cent announced in the 2015-216 Budget, with ordinary marginal tax rates applying after that.
Changes will also be introduced for employers who will be required to register with the ATO in order for their WHM employees to be eligible for the reduced tax rate.