July 1 doesn't just mean tax time – there's a raft of prices, policies and payments that change with the new financial year that will have a considerable impact on your hip pocket.
The guarantee is the minimum amount of an employee's base earnings an employer has to pay as super. Like paid parental leave, it will increase again on July 1, 2025. For the most part, those DMOs, off which energy prices are referenced, are falling thanks to lower wholesale prices. That equates to $51 and $97 hip-pocket hits respectively, although energy rebates will mean the total cost of power will still be lower next year.This year's increase comes on the back of a 15 per cent rise last year - the first back-to-back boosts in more than 30 years.More than two million Australians will benefit when a raft of welfare payments, including family payments and pensions, will increase through the next instalment of quarterly indexation.
NBN's wholesale prices are going up, and that means your internet is going to get more expensive too. Planning on getting yourself a new kitchen benchtop? If you were hoping for one made of engineered stone, you're out of luck – the sale, production, installation and any other work involving the product
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