Moving from Home
What is one emotional challenge a young person might face after leaving home?
Feeling homesick or lonely when adapting to independence.
What is one benefit of living in a share house?
Shared costs make rent and bills cheaper for everyone.
What is one example of an establishment cost when moving into a new place?
Rental bond, furniture, or connection fees for utilities.
What is a premium?
The amount of money paid regularly to an insurance company for coverage.
What does a fixed-term mobile contract require?
Regular monthly payments over 18–24 months for service and handset.
What document proves your identity and is required for things like passports or driver licences?
A birth certificate issued by the NSW Registry of Births, Deaths and Marriages.
What is the main purpose of the New Tenant Checklist?
To ensure tenants understand their rights and responsibilities before signing a lease.
What is one example of a variable expense?
Entertainment, gifts, or car repairs — these change month to month.
What is a policy in insurance terms?
A document that details what is and isn’t covered in an insurance contract.
What is one advantage of a pre-paid mobile plan?
No long-term contract and easier to control spending.
What does Medicare provide to Australian residents?
Access to free or subsidised medical treatment through doctors and public hospitals.
Why should you take photos or videos when completing a condition report?
To have visual evidence of the property’s state in case of disputes when moving out.
What does the term PAYG stand for in Australia’s tax system?
Pay As You Go, where tax is deducted from your income throughout the year.
Which type of car insurance is required by law in Australia?
Compulsory Third Party (CTP) insurance.
What is a loan contract used for?
Borrowing money from a bank or finance company to buy an expensive item like a car.
What is the minimum age to apply for your own Medicare card?
15 years old.
What is a reservation fee and why is it paid?
It’s one week’s rent paid to hold the property while your application is processed.
What are allowable deductions on a tax return?
Work-related expenses that reduce taxable income, like uniforms or self-education costs.
What kind of insurance protects employees who are injured at work?
Workers’ Compensation insurance.
What is joint ownership?
When two or more people share ownership of an asset, such as property or furniture.
What are two advantages of staying at home while saving for the future?
Lower expenses and the ability to save money for major purchases like a car or home deposit.
What can a tenant do if a landlord ignores repair requests or privacy rights?
Contact the NSW Civil and Administrative Tribunal (NCAT) to resolve the issue.
What is one reason someone might show a negative figure in their monthly budget?
Their expenses are higher than their income for that month.
Under Australian Consumer Law, what are businesses required to ensure about goods sold?
That goods are safe, durable, match their description, and are free from defects.
What are two potential risks of using “buy now, pay later” services such as Afterpay or Zip Pay?
They can encourage overspending and create debt through missed-payment fees or poor budgeting habits — even though no interest is charged.