Tranfering SGD fund to Aussie FD

[DKool]

I am curently based out of Australia for the next 2-3years. I have a thought of transfering all my SGD fund into Australia and place it entirely in Fixed Deposit account in Australia. I have heard that gains could be taxed when returns eventually transfer out of Aus.
Anyone here can provide useful information on this would be appreciated.

[HarrysBar]

On a fixed term deposit you will be liable for Aus tax on the interest you earn (you will need to report this on your annual tax return).

If it is a standard term deposit there would be no capital gain. If you invest in a unit-trust type investment then there could be, and any capital gain that you make would be taxed at 50% of your marginal tax rate (assuming you held the seet for at least 12 months)