From July 1, minimum wage will increase by 3.5% to $24.95 per hour nationally and 3.75% in Western Australia, benefitting 2.9 million workers. Additionally, superannuation contributions will rise to 12%, parental leave will extend to 24 weeks, but utility bills will increase by 2.5%, along with motor vehicle charges and the Emergency Services Levy by 3.3% and 5%, respectively.
Explain It To Me Like I’m 5: Next week, as the new financial year begins, Australia will see significant changes including a rise in minimum wage, increased superannuation contributions, and expanded parental leave, alongside some hikes in household utility bills.
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