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
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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
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