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How millions of Australians will be paid hundreds of dollars more from July 1 

Millions of Australians will earn hundreds of dollars more each year from 1 July as part of the sweeping changes that come at the start of the new fiscal year.

Due to updates to the Super Guarantee, employers will be forced to increase their contribution to the staff super from 10 percent to 10.5 percent.

For the Australian average annual wage of $62,400 in 2021, that means an additional $312 per year going into super funds, from $6240 per year to $6552.

Millions of Australians will earn hundreds of dollars more each year from July 1 as part of the sweeping changes coming at the start of the new fiscal year

Millions of Australians will earn hundreds of dollars more each year from July 1 as part of the sweeping changes coming at the start of the new fiscal year

The changes will also ensure that all employees will be paid Super, however little they earn, except under the age of 18 who work less than 30 hours a week.

The $450 monthly minimum wage for the super guarantee will also be scrapped, opening up super payments for thousands of part-time and occasional workers.

For older Australians who downsize their family homes and find they have cash to spare, those over 60 can top up their super from next month with contributions of up to $300,000 for singles or $600,000 for couples.

For the unemployed, there are important new rules that will affect job seekers.

Job seekers are now required to search 100 points worth of jobs on a sliding scale for various achievements, such as 20 points for attending an interview and only five for applying for a job

Job seekers are now required to search 100 points worth of jobs on a sliding scale for various achievements, such as 20 points for attending an interview and only five for applying for a job

Job seekers are now required to search 100 points worth of jobs on a sliding scale for various achievements, such as 20 points for attending an interview and only five for applying for a job.

Previously, job hunters had to apply for 20 vacancies per month under mutual obligations, but now a combination of applications and interviews is rewarded.

Under the PBAS – the points-based activation system – there are more than 30 different types of activities with point values ​​for job seekers seeking benefits.

The changes on July 1 will also increase energy prices, potentially costing consumers hundreds of dollars more each year, although most will pay about $100 extra.

Australia’s energy watchdog has given the green light to massive price hikes, with NSW power bills rising to 18.3 percent, 12.6 percent in Queensland and 9.5 percent in South Australia.

Energy prices will soar after July 1, potentially costing consumers hundreds of dollars more per year, although most will pay about $100 extra

Energy prices will soar after July 1, potentially costing consumers hundreds of dollars more per year, although most will pay about $100 extra

Recipes will be cheaper for concession card holders, with the PBS Safety Net threshold lowered to $244.80 meaning: PBS drugs are free after concession card holders spend the new lower amount within a year.

Some high-end economy and electric cars will also be slightly cheaper, as the tax threshold for luxury cars is raised by 6.6 percent to $84,916.

Conventional cars will be hit by luxury car taxes if they cost more than $71,849 on the road, an increase of 3.9 percent.

Young families will also see some benefits with a higher rate of childcare allowance for people with a child under five and a second and subsequent children.

Some may also receive supplementary payments if they also qualified for Services Australia’s higher grant after May 7 this year.

But the news is less good for people with a Telstra mobile phone. The telecom giant’s phone plans will increase in line with inflation, adding $3 per month to basic and essential plans, and $4 to premium plans.

Telstra phone plans will increase in line with inflation, adding $3 per month to basic and essential plans, and $4 to premium plans

Telstra phone plans will increase in line with inflation, adding $3 per month to basic and essential plans, and $4 to premium plans

For immigrants, short-term temporary skills shortages subclass 482 visa holders who worked in Australia during the pandemic will be able to access a new Australian permanent resident permit from July 1.

From then on, TSS visa holders can apply for permanent residency through the temporary residence transition flow of the Subclass 186 Employer Nomination Scheme visa.

Applicants must have been in Australia for at least one year between February 1, 2020 and December 14, 2021 and must meet all other nomination and visa requirements for the TRT flow of the ENS visa.

Finally, the new Labor government is also shaking up public administration with the creation of several new departments.

Significantly, a new Climate Change, Energy, Environment and Water Department will be launched, along with an Employment and Industrial Relations Department.

Two departments will also be renamed, with the Ministry of Health to be known as the Ministry of Health and Elderly Care.

Young families will see some benefits with a higher percentage of childcare allowance for families with one child under the age of five and a second and subsequent children

Young families will see some benefits with a higher percentage of childcare allowance for families with one child under the age of five and a second and subsequent children

The Ministry of Infrastructure, Transport, Regional Development and Communications will add the Arts to its portfolio of responsibilities.

Others will take on additional tasks, with the Ministry of Finance now taking over data policy and deregulation together with the Agency for Digital Transformation.

The Attorney General will be responsible for criminal enforcement and criminal policy, including the Australian Federal Police.

And the Department of the Interior will now also deal with natural disasters and mitigation, including the National Recovery and Resilience Agency.

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