Being a very remote island where most goods are imported, supermarket prices are higher than on mainland Australia. Petrol, for example, can cost around A$2.40 per litre, which is a good 80 to 90 cents more than on the mainland. However, the price of accommodations and food is fairly comparable with Australia. Accommodation packages usually include a rental car and a mobile phone (car insurance costs A$20 per day).
Norfolk Island is not subject to Australian taxation and has few taxes and duties. Consequently it has acquired a reputation as a bit of a shopper's paradise.
Currency and Exchange
Currency is the Australian dollar, although New Zealand dollars are accepted at a few businesses. Commonwealth, which has the island's only ATM, and Westpac Bank branches in Burnt Pine can exchange major currencies. Major credit cards are accepted. It's advisable to bring cash, as there are sometimes significant lines at the one ATM. As of this writing, US1$ was nearly par with A$1.
As a self-governing territory, Norfolk Island has a different tax structure than mainland Australia. The goods and services tax (GST) of 12% is included in most accommodation rates, restaurants bills, and other services costs, and there is no sales tax on most goods, meaning you can find some very good deals in Burnt Pine's shops.
As a rule, tipping is not expected on Norfolk Island; however, it is customary to give a small amount if you are happy with a service, or leave a small tip (10% of the bill) at restaurants if the food and service warrant it.