New tax changes bring wins and losses for Aussies | 7NEWS

3 months ago The News Room

Australian government tax changes take effect today, introducing a $5 weekly tax cut, $57 per week minimum wage increase, two-week paid parental leave extension, and higher Centrelink benefits. Cost increases will apply to NBN plans and Australia Post retail services. Fuel excise has been reintroduced at half rate, increasing from 16 to 32 cents per litre, though price rises at service stations will be gradual as fresh deliveries arrive, with watchdogs monitoring for price gouging.

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