The financial landscape for Australians is set to change dramatically starting July 1, 2024. Key changes include income tax cuts, Centrelink indexation, minimum wage adjustments, and other cost-of-living relief measures. Treasurer Jim Chalmers expressed confidence in the future trajectory of inflation, noting it remains high but is on a downward path similar to the US and Canada. The Albanese government has introduced new stage three tax cuts and billions of dollars in subsidies, which Chalmers asserts will not be inflationary. Additionally, the new financial year will provide a typical Victorian homebuyer with an extra $20,000 to spend, although there is a significant catch. Internet prices are also expected to change.
1 July changes: tax cuts, Centrelink indexation and everything else coming for 2024-25 https://t.co/MtCZnJsJEG
6 Important Financial Deadlines and Changes Approaching in July 2024 #july #itr #incometax #incometaxreturn #itreturn https://t.co/aAva5lgDqs
Starting July 1, thousands of Australians will be receiving long-awaited help with "cost of living" pressures. #9News https://t.co/SDtCB4DMFu
The start of the new financial year will give a typical Victorian homebuyer an extra $20,000 to spend as a range of benefits kick in. But there is one major catch. Find out what’s in store. > https://t.co/0Te7HrBjQe https://t.co/8Z69ryWl99
⚠️ AUSTRALIA TREASURER CONFIDENT JULY 1 TAX CUTS WON'T STOKE INFLATION Full Story → https://t.co/q8YV8XNI5C
Tomorrow is the first day of the new financial year, which means Aussies can expect a suite of changes. From cost-of-living relief measures to internet prices, here's everything you need to know about what to expect. #9News DETAILS: https://t.co/kvPe5V5rfx https://t.co/W6nGkFgFpR
The new financial year will bring a suite of changes for Australians. Here's a breakdown of what's taking effect on July 1. https://t.co/KpAgLUVZX7
Treasurer Jim Chalmers has hailed the new stage three tax cuts before the new cost of living measures come into effect on Monday, maintaining the billions of dollars of subsidies would not be inflationary. https://t.co/bPGCg8UFlI
A whopping $2.6 billion in wealth is set to be transferred from one generation to the next in one remarkable Sydney suburb this decade. https://t.co/QB3sJpGdqz
Treasurer Jim Chalmers says the Albanese government is “confident” about the “future trajectory” of inflation. https://t.co/R36owlaKt1
Australian inflation remains too high but its path lower is following countries like the US and Canada, according to Treasurer Jim Chalmers https://t.co/LHVjiVN45Z
The new financial year begins on 1 July, bringing in a slew of changes – including income tax cuts, which means more take-home pay. Find out more: https://t.co/B6o1LksB2l https://t.co/cStE05xn85
Treasurer Jim Chalmers says inflation is “still too high” but “much lower” than what the Albanese government inherited from the former Coalition government. https://t.co/rrIO1eZRsP
Australia news live: Chalmers ‘confident but not complacent’ about inflation forecasts after May spike https://t.co/Y48d5SWAYO
1 July changes: tax cuts, Centrelink indexation and everything else coming for 2024-25 https://t.co/qYLf3c6Oym
From tax to minimum wage, the financial landscape for Australians will change dramatically from July 1. See how it will affect you 👉 https://t.co/QFuQRrVlW4 https://t.co/Dxj2Cqxjdu
Melbourne families own billions of dollars in homes without a loan. Find out which areas have the highest value of mortgage-free property — and how their equity could shape the market > https://t.co/vCfKBABTiy https://t.co/XHrVje6yFc
Cashed-up first-home buyers bankrolled by the bank of mum and dad are poised for a major run at Melbourne’s housing market. Find out where the next wave of inherited wealth will come from > https://t.co/XpB1aKtLXL https://t.co/TTcPVbWLp6