Australia's national currency is Australian dollars (AUD), which comes in denominations of $5, $10, $20, $50 and $100 notes. Coins come in 5, 10, 20 and 50 cent and one and two dollar denominations.
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According to Expatistan, this means Australia is one of the most expensive countries to live (ranked 9 out of 69). Generally, a higher cost of living means that basic expenses have become – well, expensive.
Tipping is not mandatory but the staff always appreciates it. Stick to the 10-15% rule, which is considered very generous. They do provide tip jars in some restaurants, cafes and pubs; if you desire, leave some small change in the jar. Note: The service in Australia is a lot more laid back than in many other countries.