What's changing from 1 July? The new rules affecting your wallet
Australians will experience new financial regulations starting July 1, affecting wages, superannuation, and taxes. The Fair Work Commission's 4.75 percent wage increase will benefit approximately 2.8 million employees, while mandatory payday superannuation is set to improve retirement savings for 19 million Australians. These reforms aim to enhance financial stability for workers but may present challenges for small businesses.
Summary by OZbrief Editorial · SBS News – Australia · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 22 Jun 2026, 19:36 UTC · Updated 22 Jun 2026, 19:40 UTC
Summary by OZbrief Editorial. Original report: SBS News – Australia. Editorial policy · Corrections
Trending
- Europe's AI complacency risks economic collapse by 2031, warns think tank
- Transport Accident Commission faces scrutiny over costly legal battles and delays
- Low-key funeral held for giant of the art world David Hockney
- Royal Ascot 2026: horse racing updates from day five – live
- ‘Horrific’: Train delays after man dies in fuel tanker rollover in Darnum
- Andy Burnham wins Makerfield byelection, emerges as Labour leadership contender