by Domanii Cameron
FROM tomorrow, a range of federal and state tax and subsidy changes, as well as new policies, will kick in with the financial year.
Some will be welcome, others unpalatable, but all Queenslanders should check how they may be affected, and what they can do to make the most of the changes.
Longed-for reductions in power prices and some of the Federal Government’s tax relief will roll out automatically, but other changes will require more hands-on action if they are to provide assistance, including the revamping of childcare assistance
Immediate hip-pocket pleasure will be delivered by Prime Minister Malcolm Turnbull’s tax pitch to battlers which passed in the Senate last week, lifting the lid on the 32.5 per cent tax bracket from $87,000 to $90,000, while a 3.5 per cent increase in the minimum wage will also help battlers’ budgets.
But changes to penalty rates will deliver pain to workers in the fast-food, hospitality, pharmacy and retail industries.
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