From July 1, new legislation will take effect that will see the minimum wage increased, as well as superannuation payments, Centrelink benefits and energy costs.The cost of living is going up - and while changes on July 1 will help, they won't be able to cover it all.
Households on the DMO only comprise about 10 per cent of the total market , but the rise is anticipated to be passed on by retailers in time.From tomorrow, Australia's minimum wage will officially be $21.38 an hour, or $812.60 a week, following a decision by the Fair Work Commission to raise wages by 5.2 per cent.Since 2021, Australia's minimum wage had been $20.33 an hour or $772.60 a week, but advocate groups have called for it to raise to meet the demands of soaring inflation.
Previously no super was required for employees earning less than $450 a month. This threshold has been scrapped. The Family Tax Benefit Part A will increase by up to $204.40 per year for families with a child under 13 years, and $255.50 per year for those with a child 13 years and over.
9NewsMelb Yeah head for the hills with canned food. 🤦
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