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July budget shake-up hits Australian wallets

3 min · 24. juni 2026
episode July budget shake-up hits Australian wallets cover

Description

From 1 July 2024, Australian households face significant financial changes including tax cuts for most workers, minimum wage increases, and parental pay rises. However, offsetting these benefits are NBN price hikes of $2-10 monthly, the tapering and removal of fuel excise subsidies, increased toll road costs across Sydney, Brisbane and Melbourne, and Australia Post price rises of 3-6%. A new payday superannuation system will also commence, requiring employers to pay super contributions at the same time as wages. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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